Mortgage rate cuts ‘will take some of sting out of rise’ for people refixing
The IndependentSign 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. Although borrowers coming to the end of their current fixed-rate this year will still be looking at a rise in payments, these new lower rates will at least take some of the sting out of the inevitable rise David Hollingworth, L&C Mortgages HSBC’s two-year fixed rate for remortgages will dip below the 4.50% threshold, with rates hitting 4.49%, again for those with at least 40% equity in their home. We thought the new year would start with a bang and that’s proving to be the case David Hollingworth, L&C Mortgages “With large numbers of borrowers anxiously approaching the expiry of a fix taken during the ultra-low rate period, this is a welcome move and hopefully a signal for more lenders to follow suit, improving options for those facing payment shock. We keep a constant eye on markets to ensure we offer value to new and existing customers Amanda Bryden, Halifax Intermediaries An HSBC UK spokesperson said: “Our new fixed mortgage rates will see significant cuts across the board which will be a welcomed move. Amanda Bryden, head of Halifax Intermediaries and Scottish Widows Bank, said: “We keep a constant eye on markets to ensure we offer value to new and existing customers.” Danny Belton, head of lending at the Mortgage Advice Bureau, said: “The launch of a host of new lower rates is a welcome new year’s gift to those looking to buy or remortgage, especially after the typically expensive festive period.
History of this topic
Analysis: What does the Bank of England’s interest rate decision mean for mortgages?
The IndependentAverage rate on 30-year mortgage hits 6.6%, its third straight weekly decline
Associated Press
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Daily MailAverage rate on a 30-year mortgage in the US slips to 6.81%
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Associated PressAverage rate on a 30-year mortgage falls to 6.73%, lowest level since early February
Associated Press
Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March
Live MintAverage rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March
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Average rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April
Live MintAverage rate on a 30-year mortgage eased this week to 6.86%, lowest level since early April
Associated Press
How to find a new mortgage
Daily MailAverage long-term US mortgage rate falls again, easing to lowest level since early April
Associated Press
Major lenders cut mortgage rates in ‘welcome boost’ for market
The IndependentLong-term mortgage rates retreat for second straight week, US average at 7.02%
Associated PressAverage long-term US mortgage rate snaps five-week string of increases, but remains above 7%
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Mortgage rate rises announced by five lenders: HSBC, Barclays and NatWest all hiking interest
Daily MailAverage long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Associated PressAverage long-term US mortgage rate declines to levels last seen in early February
Associated Press
Mortgage rates hit their highest level in 10 WEEKS costing the typical homebuyer $700 more a month than if they bought two years ago - but experts insist they WILL drop later in the year
Daily Mail
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The Independent
Nationwide hikes mortgage rates as swaps rise
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Daily MailLike the US Fed, Bank of England is edging toward interest rate cuts — but not quite yet
Associated PressBoost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May
Associated Press
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The Independent
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Halifax cuts mortgage rates in new hope for home buyers
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Mortgage rates fall for the ninth week in a row to 6.61% (but average buyer STILL faces paying an extra $800 a month than if they bought two years ago)
Daily MailDown again: Average long-term US mortgage rate falls to 6.67%, lowest level since June
Associated PressThe average long-term US mortgage rate dips below 7% to its lowest level since early August
Associated Press
What does Bank of England interest rates decision mean for my mortgage and savings?
The IndependentThe average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September
Associated PressThe average long-term US mortgage rate falls to 7.44% in third-straight weekly drop
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