Category: Mortgages

Key developments: Halifax has rolled out a streamlined online application platform that lets brokers drag‑and‑drop documents and submit fewer data fields for self‑employed borrowers, reducing processing time. NatWest announced a suite of rate cuts, notably a two‑year buy‑to‑let…

Continue reading UK mortgage market sees mixed moves – NatWest and HSBC cut rates while overall fixed‑rate averages climb

Key developments: – NatWest and HSBC have announced fresh rate cuts across new‑business, existing‑customer and buy‑to‑let products, with NatWest’s two‑year buy‑to‑let fixed dropping to 4.16% and HSBC pushing some fixed rates below the 5% mark. – The UK…

Continue reading UK lenders cut mortgage rates as high‑LTI lending eases and US rates stay above 7%

A fresh Bank of England Credit Conditions Survey shows mortgage approvals slipped for a second straight quarter, with the net balance of approved applications turning negative at ‑10.5 in Q3 2026, after ‑8.0 in the previous period. The drop is most…

Continue reading Mortgage approvals tumble as stricter affordability checks bite

Key developments: The 30‑year fixed‑rate mortgage in the United States is now averaging 7.4%, the highest level since November 2023, signaling a continued upward pressure on borrowing costs. In the United Kingdom, lenders are responding with selective rate…

Continue reading U.S. and U.K. mortgage rates hover near three‑year highs as lenders scramble to offer cuts

Key developments: The average 30‑year fixed mortgage rate has settled at 7.4%, the highest level since late 2023 and the peak of a three‑year upward climb. Application volume slipped 6% as borrowers react to the near‑three‑year high, while…

Continue reading US Mortgage Rates Hover at 7.4% as Market Adjusts to Rate‑Driven Shifts

Key developments: The nationwide average for a 30‑year fixed‑rate mortgage has risen to 7.4%, the highest level since November 2023 and the steepest in nearly three years. This rate increase coincides with a 6% drop in mortgage applications,…

Continue reading US Mortgage Rates Climb to 7.4%, Pressuring Buyers and Applications

Key developments: Mortgage rates fell for the first time in weeks, with the average top‑tier 30‑year fixed rate dropping 0.09% to 7.54%, the fastest three‑month decline on record. The slide follows a broader trend of occasional rate pulls…

Continue reading Mortgage rates dip to near 2‑week lows as demand slips

Recent market activity shows mortgage rates slipped slightly, with the average top‑tier 30‑year fixed rate falling 0.09% – the fastest decline in three months – before edging back up to around 7.5% by the close of the day.…

Continue reading Mortgage rates dip modestly but demand stays weak as rates hover near three‑year highs