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Increased Stability In Mortgage Market

The Bank of England made the decision yesterday to maintain the Base Rate at 5.25% for the second consecutive time. With this consecutive hold, many industry experts speculate that we may have reached a peak.

Mortgage Rates Are Falling But Future Is Still Uncertain

The best mortgage rates have continued to improve this month, with fixed rate mortgages now available below 5% for the first time since June 2023. Rightmove’s mortgage tracker, showed the lowest rate on a 5 year mortgage was 4.94%.