✉news BusinessReal Estate first seen 8 h ago, last 4 h ago, peak #11
Sub-5% mortgage deals vanish from the market
Original: Mortgage nightmare continues as sub-5% deals disappear from market
Cheaper mortgage deals are disappearing from the market, with lenders pulling rates below 5%, deepening what is being called a mortgage nightmare for homeowners and buyers. With refinancing options shrinking, borrowers face higher monthly payments as they come off fixed-rate deals struck when rates were far lower.
Why now: Homeowners and buyers are worried as borrowing costs stay elevated and the cheapest deals exit the market.
UK mortgage marketYahoo Finance UK
Rank over time, top of the chart is #1. 4 snapshots from 8 h ago to 4 h ago.
Evidence
- Mortgage nightmare continues as sub-5% deals disappear from market · Yahoo Finance UK
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