6% mortgage rates

[spring33]

Old thread https://www.mumsnet.com/talk/property/4813815-5-mortgage-rates?page=1

New thread, let's hope the next one won't be 7% interest rates or higher.

Guys, we’re going to need a new thread, this one is almost at the limit!

What shall we call it, 6% mortgage rates part 2?

Can’t call it 7% can we?

Why not call it "The search for the 3.99% mortgage" - the one that no one could find.

Now, now we have moved on from that (most of us).

Skipton have actually offered sub 4% mortgages since then. But the extortionate arrangement fee makes them highly unattractive to most people of course.

6% mortgage rates (part 2) seems fairer.

I think it should be called Trouble a'ht Mill for all the squabbling these threads are causing.

😂

Haha, I like that title 😂

I've started a new thread for us all using the excellent suggestion of title from @KievLoverTwo

https://www.mumsnet.com/talk/property/4924490-6-mortgage-rates-trouble-aht-mill

Lol!

Aww, I feel all special now.

Most of these rates are not achievable for buyers with ordinary levels of deposit.

https://propertyindustryeye.com/estate-agents-hopes-for-autumn-bounce-fail-to-materialise/

I have posted on the other thread the average rate for a 5 year fixed mortgage at 85% LTV and it’s well under 6% 🤷🏼‍♀️

It doesn`t really matter though, as the article says.....

"Continued market uncertainty and affordability issues had a continued impact on Sold Subject to Contract (SSTC) levels in the last quarter, with September seeing the biggest negative variation to the pre-COVID benchmark of 2019 so far this year at 49% down vs 2019 levels."

Even at under 6% the market will still get a much needed shake out, I still think they are going much higher though....

What graph was that?

https://amp.theguardian.com/business/live/2024/apr/11/uk-interest-rate-cuts-bank-of-england-greene-us-inflation-european-central-bank-eurozone-business-live

lol you couldn’t make it up.