And as mortgage rates fell along with the short-term rates the Fed oversees, refinancing freed up $100 billion last year for people to spend on everything from cars to clothes. In the latest indication of housing...
By Kevin Peachey ; Mortgage lenders have started the year by cutting rates, taking some of the pain out of the cost of a new deal for homeowners. ; The UK's biggest lender, the Halifax, has cut some interest rates by close to one percentage point, with brokers now expecting others to follow suit. ; HSBC has announced it will make cuts on Thursday, in what is being described as a "fast-moving market". ; But homeowners are being warned to pay close attention to what is offered.
By Kevin Peachey ; The average rate on a two-year fixed mortgage has fallen to its lowest level for nearly seven months as lenders compete for custom. ; Financial information service Moneyfacts said the average rate had fallen from 5.92% to 5.87% in a day. ; Major lenders, such as the Halifax and HSBC, have begun the year with rate cuts to keep hold of customers, as their own funding costs have dropped. ; More reductions are expected, but many homeowners still face rising bills.
View today's mortgage rates for a wide variety of products and find the best rates for your needs. Save thousands of dollars over the life of your loan.
Explore Money’s insights on mortgage rates and how they impact the housing market.
Mortgage rates have been inching up, but home inventory is improving. Learn whether the market and your finances make it a good time to buy a house.
Mortgage rates have hit a 22-year high, and have more than doubled since President Joe Biden... House official said. "President Biden is investing in affordable housing after decades of...
Major banks moved to slash interest rates yesterday immediately after the Reserve Bank cut the official cash rate in a move welcomed by homeowners battling...
Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation. Get notified via email when this statistic is updated. Adjust the presentation of the statistic and data points. Share the statistic on social media channels or embed the statistic in your website using "Embed Code", where available. Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook. The statistic is available in another language. Switch language. Print the statistic including descri ...
Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.