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Property News for 2 August 2024
Mortgage rates plunge to the lowest level in more than a year after weak employment report
CNBC - 2 Aug 2024 22:07
The recent high on the 30-year fixed mortgage was 7.52% in late April, and home sales have been falling ever since.
UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
CNBC - 2 Aug 2024 12:48
UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates
Home valuations are rising faster than incomes. Here's why that could hurt homeowners' wallets
CNBC - 2 Aug 2024 12:03
More than 80% of recent homebuyers said they regret their purchase, according to a recent Clever Real Estate survey.
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