Business, Economics, Stock markets, FTSE Business | The Guardian
Rolling coverage of the latest economic and financial newsFederal Reserve holds interest rates at two-decade high as it waits for inflation to coolShould Tesla pay Elon Musk $45bn? The shareholders will decideShort-term UK mortgage rates are hovering close to the 6% mark today, having risen earlier in the spring.Financial data provider Moneyfacts reports that:The average 2-year fixed residential mortgage rate today is 5.97%. This is unchanged from the previous working day.The average 5-year fixed residential mortgage rate today is 5.53%. This is unchanged from the previous working day.Over the last six months, the UK economy has experienced a mix of challenges and positive developments. Inflation, while starting to decline, has remained a persistent issue, impacting consumer purchasing power and business costs.The timing of an interest rate cut by the Bank of England has been a subject of speculation, adding to economic uncertainty. Mortgage rates have been volatile, initially decreasing but rising again due to SWAP3 rates increasing, which has impacted the housing market. Continue reading…
Rolling coverage of the latest economic and financial news
Federal Reserve holds interest rates at two-decade high as it waits for inflation to coolShould Tesla pay Elon Musk $45bn? The shareholders will decide
Short-term UK mortgage rates are hovering close to the 6% mark today, having risen earlier in the spring.
Financial data provider Moneyfacts reports that:
The average 2-year fixed residential mortgage rate today is 5.97%. This is unchanged from the previous working day.
The average 5-year fixed residential mortgage rate today is 5.53%. This is unchanged from the previous working day.
Over the last six months, the UK economy has experienced a mix of challenges and positive developments. Inflation, while starting to decline, has remained a persistent issue, impacting consumer purchasing power and business costs.
The timing of an interest rate cut by the Bank of England has been a subject of speculation, adding to economic uncertainty. Mortgage rates have been volatile, initially decreasing but rising again due to SWAP3 rates increasing, which has impacted the housing market.
