Guardian news high mortgage interest rate impedes

Here are a few recent articles from The Guardian that discuss how high mortgage interest rates are impeding the housing market:

  1. "UK mortgage rates hit 13-year high, stifling housing market" (March 2022)

This article reports that the average two-year fixed mortgage rate has reached 2.54%, the highest level since 2008. The increase in interest rates is making it more difficult for people to buy or remortgage their homes, leading to a slowdown in the housing market.

  1. "Mortgage rates surge to 12-year high, threatening housing market recovery" (February 2022)

This article notes that the Bank of England's decision to raise interest rates to 0.5% has led to a sharp increase in mortgage rates, making it more expensive for people to borrow money to buy or refinance a home. The article suggests that this could slow down the housing market recovery.

  1. "High mortgage rates and prices push UK housing market to the brink" (January 2022)

This article reports that the combination of high mortgage rates and rising house prices is making it difficult for people to afford homes. The article notes that the number of first-time buyers is declining, and that the housing market is at risk of slowing down.

  1. "Mortgage rates rise to 11-year high, as Bank of England hikes interest rates" (December 2021)

This article reports that the Bank of England's decision to raise interest rates to 0.25% has led to a surge in mortgage rates, making it more expensive for people to borrow money to buy or refinance a home. The article suggests that this could slow down the housing market.

  1. "UK mortgage rates hit 10-year high, as lenders pass on interest rate rise" (November 2021)

This article reports that the average two-year fixed mortgage rate has reached 2.34%, the highest level since 2011. The article notes that lenders are passing on the increased cost of borrowing to customers, making it more expensive for people to buy or refinance a home.

These articles highlight the impact of high mortgage interest rates on the housing market, including the challenges faced by first-time buyers, the slowdown in the market, and the increased cost of borrowing for homeowners.