Halifax says with mortgage rates easing, confidence among buyers may improve in coming months
This can cause a lot of stress and sleepless nights. My colleague Jedidajah Otte has talked to homeowners who fear a sharp rise in mortgage payments as they come off fixed-rate deals this year.
However, mortgage costs are still much higher than they have been in recent years after the Bank of England raised interest rates to 5.25% to fight stubbornly high inflation. (Financial markets expect it to cut rates to below 4% by the end of the year.)
Business | The Guardian
