How Are Mortgage and Interest Rate Rises Impacting House Prices in 2023? (Business Opportunities - Other Business Ads)
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How Are Mortgage and Interest Rate Rises Impacting House Prices in 2023? | |
A lot has happened so far this year but one of the more unavoidable headlines has been the continued increase in interest rates and mortgage rates. The Bank of England has now increased the Base Rate 13 times since December 2021 and the interest rate now stands at 5% which is the highest that it has been in over 15 years. Inflation has stayed higher than people expected, which has led to the recent rate increases. The increase in interest rates has also been contributing towards a pushing up of mortgage rates. Estate agents have been reporting that a lot of would-be home-movers are pausing their plans whilst they assess what these new increased costs might mean for the budgets that they have already decided upon.  | |
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| Target State: All States Target City : Norwich Last Update : Sep 14, 2023 2:52 AM Number of Views: 60 | Item Owner : PropertyClassifieds Contact Email: Contact Phone: 01603336085 |
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2024-06-05 (0.221 sec)