News
Persimmon flags worries over homebuyer confidence amid Iran conflict
23+ hour, 40+ min ago (596+ words) Housebuilder Persimmon has cautioned the Iran conflict could knock buyer sentiment amid fears interest rates will stay higher for longer if inflation is sent soaring. The group said it was "monitoring the impact the conflict with Iran could have on…...
Average two-year mortgage rates are now higher than typical five-year deals
4+ day, 8+ hour ago (914+ words) Rates on some short-term fixed-rate mortgages have now leapfrogged their longer-term counterparts amid pricing "turmoil, according to a financial information website. Financial information website Moneyfacts said the average rate on a two-year fixed homeowner mortgage on the market is now…...
Interest rates: Why did the Bank stick to 3.75 and what does it mean?
1+ mon, 3+ week ago (643+ words) The Bank of England has held'interest rates at 3.75%, saying that it needed to keep inflation under control. It followed a split vote among the rate-setting committee, with five members voting to keep rates unchanged and four preferring a cut. But…...