UK mortgage rates are finally falling as homeowners hope for some relief
Publishing timestamp: 2024-01-04 06:47:03
Summary
Lenders such as HSBC and Halifax have reduced interest rates on their UK residential mortgage ranges, with some deals falling below 5%. This comes as the Bank of England is expected to start cutting interest rates in the middle of the year. While mortgage rates are falling, uncertainty continues to impact buyer confidence. The housing market remains uncertain due to factors such as the sluggish economy, upcoming national election, and geopolitical volatility. However, banks remain confident and hope for a rise in consumer confidence.
Sentiment: NEUTRAL
Keywords: markets, breaking news: markets, prices, hsbc holdings plc, economic events, business news,