Mortgage rates move up and down in June..

Published 29th of July, 2021

average mortgage rates chart graph June 18 to June 21 twindig Housing Hailey

The latest average mortgage rates are 

  • Floating rate mortgages: 1.95%
  • Fixed-rate mortgages 1.95%
  • Overall mortgage rates 1.95% 


Fixed mortgage rates up and floating mortgage rates down

The latest data from the Bank of England today reported that the overall average mortgage rate for new business fell from 1.96% to 1.95%, not a big fall, but in a historical context rates are very low and every little helps...

Meanwhile, fixed mortgage rates increased from 1.90% to 1.95%. Once again in a historical context rates are very low.

Borrowers should also be aware that in the latest Bank of England Credit Conditions Survey lenders reported that they expect to increase the supply of mortgages and lower mortgage rates in the coming months. This is good news for those seeking a mortgage in the next few months and also suggests that lenders believe that the risks of a significant fall in house prices are lower than they were.


Housing Hailey

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