Jump in average fixed mortgage rates recorded in December, says Moneyfacts
2 weeks ago

Jump in average fixed mortgage rates recorded in December, says Moneyfacts

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average five-year fixed-rate mortgage rate on the market recorded the biggest month-on-month jump seen since August 2023 between November and December this year, according to a financial information website. The present market proves that a base-rate cut does not always mean fixed mortgage rates will immediately fall if there are other economic challenges in play for lenders to consider Rachel Springall, Moneyfacts Fixed mortgage rates are typically lower now than they were at the start of the year. First-time buyers may well be struggling to amass a large enough deposit to get their foot onto the property ladder, but in good news the number of deals at 95% loan-to-value now stands at its highest point in over two years Rachel Springall, Moneyfacts “Borrowers will hope that mortgage rates will drop next year, and while there is speculation over multiple cuts to the Bank of England base rate, stubborn inflation can delay such decisions. In addition, the present market proves that a base-rate cut does not always mean fixed mortgage rates will immediately fall if there are other economic challenges in play for lenders to consider.

Mortgage Average Start Rate Rates Mortgage Rates Lenders Moneyfacts Springall Fixed Rachel Springall Fixed Mortgage Rates  recorded  rates  fixedrate  sign  rate  fiveyear  start  fixed  average  mortgage  springall  lenders  moneyfacts  jump

History of this topic

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline
1 week, 4 days ago

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, welcome relief for prospective homebuyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage is …

Average rate on a 30-year mortgage in the U.S. falls
2 weeks, 1 day ago

Average rate on a 30-year mortgage in the U.S. falls

LA Times  

The average rate on a 30-year mortgage in the U.S. eased again last week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Average rate on a 30-year mortgage in the US falls to 6.69%
2 weeks, 4 days ago

Average rate on a 30-year mortgage in the US falls to 6.69%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased again this week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Mortgage approvals to home buyers reach highest level since summer 2022
3 weeks, 3 days ago

Mortgage approvals to home buyers reach highest level since summer 2022

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Homes that are well priced and well presented are …

Average rate on a 30-year mortgage in the US slips to 6.81%
3 weeks, 5 days ago

Average rate on a 30-year mortgage in the US slips to 6.81%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.” Mortgage rates slid to just above 6% in September following the Federal Reserve’s decision to cut its main interest rate for the …

Mortgage rates: Bad news if you’re looking to buy a house in the next two years
1 month ago

Mortgage rates: Bad news if you’re looking to buy a house in the next two years

CNN  

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow. Mortgage rates are now expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, according …

Average rate on a 30-year mortgage in the US rises to highest level since July
1 month ago

Average rate on a 30-year mortgage in the US rises to highest level since July

Hindustan Times  

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. Average rate on a 30-year mortgage in the US rises to highest level since July The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates increase they can add …

Average rate on a 30-year mortgage in the US rises to highest level since July
1 month ago

Average rate on a 30-year mortgage in the US rises to highest level since July

Associated Press  

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers’ purchasing power at a time when home prices remain near all-time highs, even though U.S. home sales are on …

Mortgage pain fuels highest rise in home ownership costs in 30 years
1 month ago

Mortgage pain fuels highest rise in home ownership costs in 30 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Soaring monthly mortgage payments are …

The average rate on a 30-year mortgage in the US slips to 6.78%
1 month, 1 week ago

The average rate on a 30-year mortgage in the US slips to 6.78%

Associated Press  

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. Last week, bond yields surged on expectations that President-elect Donald Trump’s plans to lower tax rates, increase tariffs and reduce regulation could ultimately lead to higher U.S. …

Average rate on a 30-year mortgage in the US rises for 6th straight week
1 month, 2 weeks ago

Average rate on a 30-year mortgage in the US rises for 6th straight week

Associated Press  

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers’ purchasing power at a time when home prices remain near all-time highs, even though the housing market remains …

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
3 months, 3 weeks ago

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year

Associated Press  

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year, good news for prospective homebuyers facing home prices near all-time highs. “Mortgage rates fell again this week due to expectations of a Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. “Rates are …

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
4 months, 2 weeks ago

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

Associated Press  

LOS ANGELES — Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance. While mortgage rates have come down, the average rate on a 30-year home loan is still more than double what it was just three years ago. Homeowners with an adjustable-rate mortgage, or ARM, that’s set to adjust to a …

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
4 months, 3 weeks ago

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices. After jumping to a 23-year high of 7.79% in October, the average rate on a 30-year mortgage has mostly hovered around 7% this year — more than double what it …

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March
5 months ago

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March

Live Mint  

LOS ANGELES — The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for …

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March
5 months ago

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for …

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
5 months, 2 weeks ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
5 months, 2 weeks ago

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week, pushing the average rate to 6.25% from 6.16% last week. But mortgage rates could begin …

Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April
5 months, 3 weeks ago

Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April

Live Mint  

LOS ANGELES — The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. “The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months,” said Sam Khater, Freddie Mac’s chief economist. “By historical standards, the economy is in good shape, and we expect …

Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April
5 months, 3 weeks ago

Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. “The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months,” said Sam Khater, Freddie Mac’s chief economist. “By historical standards, the economy is in good shape, and we expect …

Average long-term US mortgage rate falls again, easing to lowest level since early April
6 months ago

Average long-term US mortgage rate falls again, easing to lowest level since early April

Associated Press  

LOS ANGELES — Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. “Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. Federal Reserve officials said …

Long-term mortgage rates retreat for second straight week, US average at 7.02%
7 months, 1 week ago

Long-term mortgage rates retreat for second straight week, US average at 7.02%

Associated Press  

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply. The average 30-year rate fell to 7.02% from 7.09% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates are influenced by several factors, including how the bond market …

Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
7 months, 2 weeks ago

Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy and …

Average long-term US mortgage rate climbs above 7%
8 months ago

Average long-term US mortgage rate climbs above 7%

Associated Press  

LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. “Last week, purchase applications rose modestly, but it remains unclear how many homebuyers can withstand increasing rates in the future.” AP AUDIO: Average long-term US mortgage rate …

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
8 months, 1 week ago

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

Hindustan Times  

LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest time of the year for home sales. How the bond market reacts to the Fed’s interest rate policy, the moves in the 10-year Treasury yield, as well as other factors can influence mortgage …

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
8 months, 1 week ago

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales. How the bond market reacts to the Fed’s interest rate policy, the moves in the 10-year Treasury yield, as well as other factors can influence mortgage …

Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
8 months, 3 weeks ago

Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.79% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. “Mortgage rates moved slightly lower …

Average long-term US mortgage rate declines to levels last seen in early February
9 months, 1 week ago

Average long-term US mortgage rate declines to levels last seen in early February

Associated Press  

LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway. “Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky …

Is this the 'magic' mortgage rate that will kickstart the housing market? Fascinating study reveals rate that could finally spur the majority of aspiring homeowners into buying
9 months, 3 weeks ago

Is this the 'magic' mortgage rate that will kickstart the housing market? Fascinating study reveals rate that could finally spur the majority of aspiring homeowners into buying

Daily Mail  

After the Federal Reserve started lifting interest rates in March 2022, mortgage rates followed suit - and home sales have faltered since. Fixed 30-year mortgage rates are now hovering around 6.9 percent after reaching a 22-year high of 7.8 percent in October, according to Government-backed lender Freddie Mac. Some 72 percent out of 5,000 potential home buyers said they pulling …

Average long-term US mortgage rose again this week to highest level since mid December
10 months ago

Average long-term US mortgage rose again this week to highest level since mid December

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate rose this week for the third time in as many weeks, driving up home loan borrowing costs in just as the spring homebuying season ramps up. The average rate on a 30-year mortgage rose to 6.90% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. “Strong incoming economic and inflation …

Average long-term US mortgage rate rose to highest level in 10 weeks
10 months, 1 week ago

Average long-term US mortgage rate rose to highest level in 10 weeks

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season. AP AUDIO: Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks. The cost of financing a home has come down from its most recent …

Nationwide hikes mortgage rates as swaps rise
10 months, 1 week ago

Nationwide hikes mortgage rates as swaps rise

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Nationwide said: “Swap rates, which are a key factor in …

Home prices jumped by the most in almost a year in November, this closely watched barometer says
10 months, 3 weeks ago

Home prices jumped by the most in almost a year in November, this closely watched barometer says

Associated Press  

LOS ANGELES — A closely watched housing market barometer shows U.S. home prices in November posted their biggest annual gain in more than a year. A tight supply of homes for sale nationally has kept upward pressure on home prices despite a severe housing market slump deepened by a sharp runup in mortgage rates last fall. “That suggests pivoting of …

Average long-term US mortgage rate rises to 6.69%, highest level in six weeks
10 months, 4 weeks ago

Average long-term US mortgage rate rises to 6.69%, highest level in six weeks

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate climbed to a six-week high this week, pushing up borrowing costs for homebuyers already facing the challenges of rising housing prices and a shortage of homes for sale. The average rate on a 30-year mortgage rose to 6.69% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. Home loan borrowing …

Boost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May
11 months ago

Boost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers facing rising home prices and intense competition for relatively few properties on the market. The average rate on a 30-year mortgage dropped to 6.6% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. The decline, which …

Down again: Average long-term US mortgage rate falls to 6.67%, lowest level since June
1 year ago

Down again: Average long-term US mortgage rate falls to 6.67%, lowest level since June

Associated Press  

LOS ANGELES — Home loan financing costs eased again this week, pulling the average long-term U.S. mortgage rate down to a six-month low. The average rate on a 30-year mortgage dropped to 6.67% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates have been easing since late October, when the average rate on a 30-year home loan …

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
1 year ago

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Their aggressive rate hikes had brought inflation way down from the peaks of 2022, when …

The average long-term US mortgage rate dips below 7% to its lowest level since early August
1 year ago

The average long-term US mortgage rate dips below 7% to its lowest level since early August

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale. The yield, which in mid October surged to its highest level since 2007, has been falling …

The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September
1 year ago

The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers grappling with an increasingly unaffordable housing market. The latest decline brought the average rate on a 30-year mortgage down to 7.22% from 7.29% last week, mortgage buyer Freddie Mac said Thursday. “The current trajectory of rates is …

The average long-term US mortgage rate falls to 7.44% in third-straight weekly drop
1 year, 1 month ago

The average long-term US mortgage rate falls to 7.44% in third-straight weekly drop

Associated Press  

LOS ANGELES — The average rate on the benchmark 30-year home loan fell for the third week in a row, welcome news for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale. The latest decline brought the average rate on a 30-year mortgage down to 7.44% from 7.5% last …

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop
1 year, 1 month ago

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

Associated Press  

LOS ANGELES — The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a 22-year high just last month. The latest decline brought the average rate on a 30-year mortgage down to 7.5% from 7.76% last week, mortgage buyer Freddie Mac said Thursday. The average …

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%
1 year, 1 month ago

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%

Associated Press  

NEW YORK — The average rate on the benchmark 30-year home loan rose for the seventh straight week, creating an increasingly high bar to home ownership for Americans. “Purchase activity has slowed to a virtual standstill, affordability remains a significant hurdle for many and the only way to address it is lower rates and greater inventory,” said Freddie Mac chief …

The average long-term US mortgage rate surges to 7.63%, holding at highest level since 2000
1 year, 2 months ago

The average long-term US mortgage rate surges to 7.63%, holding at highest level since 2000

Associated Press  

LOS ANGELES — The cost of financing a home surged again this week with the average long-term U.S. mortgage rate at its highest level since December 2000. The average rate on the benchmark 30-year home loan rose to 7.63% from 7.57% last week, mortgage buyer Freddie Mac said Thursday. The weekly average rate on a 30-year mortgage has remained above …

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000
1 year, 2 months ago

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

Associated Press  

LOS ANGELES — The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers. The average rate on the benchmark 30-year home loan rose to 7.49% from 7.31% last week, mortgage buyer Freddie Mac said Thursday. The …

Mortgage rates going down spells relief for homeowners and buyers – what it means for you
1 year, 3 months ago

Mortgage rates going down spells relief for homeowners and buyers – what it means for you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Average long-term US mortgage rate jumps to 7.23% this week to highest level since June 2001
1 year, 3 months ago

Average long-term US mortgage rate jumps to 7.23% this week to highest level since June 2001

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to prospective homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan jumped to 7.23% …

How to navigate the mortgage crisis, by the experts
1 year, 4 months ago

How to navigate the mortgage crisis, by the experts

The Independent  

Recent peaks in interest rates have spooked millions of homeowners and potential buyers and experts are predicting it to rise further. ‘Things are unlikely to get cheaper so lock in now’ Karen Noye, mortgage expert at Quilter, says this is “going to be a difficult time for all” as high interest rates suck money out of the economy and the …

Hopes raised that upward pressure on mortgage rates could start to ease
1 year, 5 months ago

Hopes raised that upward pressure on mortgage rates could start to ease

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The Bank …

Mortgage defaults jump at fastest rate since 2009
1 year, 5 months ago

Mortgage defaults jump at fastest rate since 2009

The Telegraph  

Mortgage defaults have surged at their fastest rate since 2009 as rapidly rising interest rates push more people into financial difficulty. Bank of England data showed that the share of lenders reporting an increase in missed mortgage payments is now the highest it has been since the global financial crisis. More than 75,000 homeowners were behind on their mortgage payments …

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