IG&H’s Post

It's Market Insights time 🏡⏱️ 🔹 Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises. 🔹 According to Moneyfacts, the average two- and five-year fixed rates fell between July and August, to 5.77% and 5.38% respectively. 🔹 Mortgage rates are widely expected to decline further in the coming weeks, especially after the 0.25% base rate cut, the first in over four years. 🔹 Markets are pricing in a further cut in 2024, currently forecast to reach 4.67% by the end of 2024. Source: #Dataloft by #PriceHubble, Moneyfacts, HM Treasury Average of Independent Forecasts.

It's Market Insights time 🏡⏱️ 🔹 Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises. 🔹 According to Moneyfacts, the average two- and five-year fixed rates fell between July and August, to 5.77% and 5.38% respectively. 🔹 Mortgage rates are widely expected to decline further in the coming weeks, especially after the 0.25% base rate cut, the first in over four years. 🔹 Markets are pricing in a further cut in 2024, currently forecast to reach 4.67% by the end of 2024. Source: #Dataloft by #PriceHubble, Moneyfacts, HM Treasury Average of Independent Forecasts

It's Market Insights time 🏡⏱️ 🔹 Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises. 🔹 According to Moneyfacts, the average two- and five-year fixed rates fell between July and August, to 5.77% and 5.38% respectively. 🔹 Mortgage rates are widely expected to decline further in the coming weeks, especially after the 0.25% base rate cut, the first in over four years. 🔹 Markets are pricing in a further cut in 2024, currently forecast to reach 4.67% by the end of 2024. Source: #Dataloft by #PriceHubble, Moneyfacts, HM Treasury Average of Independent Forecasts.

PROPERTY UPDATE: September 2024 Santander to launch UK’s cheapest two-year fixed mortgage in over a year. Experts expect mortgage rates to continue on a downward trend in the coming months, even if the Bank opts not to cut interest rates presently at 5%. Santander will launch a two-year mortgage fix at a rate of 3.99% on Tuesday - the only such deal on the market below 4% amid competition between lenders. Multiple mortgage lenders now offer five-year fixed rates at below 4%after a flurry of reductions in recent weeks. The mortgage from Santander, which comes with a £999 fee and is only available for those purchasing a home with a deposit of at least 40%, is thought to the be the cheapest short-term rate since March 2023. Although lower home loan rates are available - with the lowest being 3.77% - these require borrowers to lock in for five years, meaning they may end up paying over the odds if rates fall further in the coming months and years. Brokers now say they expect other lenders “are not far behind” and that rate cuts likely won’t be reversed even if the Bank of England opts not to cut interest rates on Thursday. The Bank is expected to keep rates at 5%, but experts said a surprise reduction could send mortgage rates even lower. Mortgage rates have been falling steadily over the past few months but the cheapest deals have tended to be available to those with the largest deposits – and only to those buying homes, rather than those coming to remortgage on properties they already own. Fixed rates are based on numerous factors including Swap rates, which broadly follow expectations of the future path of the Bank of England base rate. Forecasters including Pantheon Macroeconomics and Deutsche Bank Research think a cut in rates in November is a more likely outcome than the one this week. 👉 What do you think is the most likeliest outcome? 👉 If you think the rates are heading in the right direction do you think its quick enough? #Property #mortgages #interestrates #BTL #allthingspropertyuk 

It's Market Insights time 🏡⏱️ 🔹 Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises. 🔹 According to Moneyfacts, the average two- and five-year fixed rates fell between July and August, to 5.77% and 5.38% respectively. 🔹 Mortgage rates are widely expected to decline further in the coming weeks, especially after the 0.25% base rate cut, the first in over four years. 🔹 Markets are pricing in a further cut in 2024, currently forecast to reach 4.67% by the end of 2024. Source: #Dataloft by #PriceHubble, Moneyfacts, HM Treasury Average of Independent Forecasts.

It's Market Insights time 🏡⏱️ 🔹 Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises. 🔹 According to Moneyfacts, the average two- and five-year fixed rates fell between July and August, to 5.77% and 5.38% respectively. 🔹 Mortgage rates are widely expected to decline further in the coming weeks, especially after the 0.25% base rate cut, the first in over four years. 🔹 Markets are pricing in a further cut in 2024, currently forecast to reach 4.67% by the end of 2024. Source: #Dataloft by #PriceHubble, Moneyfacts, HM Treasury Average of Independent Forecasts.

"Mortgage Rates Hit 2024’s Lowest Point: A Golden Opportunity for Homebuyers?" ☕ Mortgage rates have hit their lowest levels in 2024! As of this week, average rates for 10, 20, and 30-year fixed mortgages in the Netherlands are down to 3.78%, 4.08%, and 4.19%, respectively. For anyone considering purchasing a home or refinancing an existing mortgage, this is an opportunity worth considering. Why Are Mortgage Rates Falling? Recent interest rate decisions by the US Federal Reserve (Fed) and the European Central Bank (ECB) are key factors behind this drop. With the Fed expected to cut rates again in September—and more cuts likely in 2024 and 2025—market conditions are ripe for further reductions. The ECB has already lowered its deposit rate to 3.75%. While much of these changes have been factored into long-term rates, any significant improvements in inflation could lead to even more favorable rates. Why Now Could Be the Perfect Time to Act? With mortgage rates showing little fluctuation this year and likely to remain stable or decrease further, this might be the ideal time to lock in a low rate. Meaning there are excellent deals to be had for those ready to act. Looking Forward: Will you consider to buy a house in The Netherlands? What are your thoughts on the market outlook? Let’s discuss 💬👇 Book a free appointment! https://lnkd.in/ehRgEUbY #MortgageRates #Homebuying #InvestmentOpportunities #RealEstateMarket #FinancialStrategy #EconomicTrends #InterestRates #LinkedInCommunity

🤔 What's going on with interest rates? “Any further decline in mortgage rates will be minimal,” Yun says. “The Fed does not directly control mortgage rates, and the federal budget deficit is huge. Future Fed rate cuts are not only anticipated but will not be as impactful because large federal borrowing will leave less capital available for mortgage lending.” Still, some home buyers may be holding out for even lower mortgage rates. That could happen, although economists are not predicting a drastic drop. Many economists have predicted rates to average about 6% by the end of the year. But every drop could help release the pent-up housing demand. Home sales were sluggish this summer, and lower mortgage rates could motivate more prospective buyers to make their move. 👉 Make sure to talk to a CCAR expert to help you navigate market conditions for success! #CCARhasheart

Rates are on the decline! National mortgage rates trended lower compared to the previous couple of weeks, affecting 30-year fixed, 15-year fixed, 5/1 ARMs, and jumbo loans. This downward trend is influenced by a critical factor: the easing of inflation. The possibility of the Federal Reserve concluding its interest rate hike cycle has played a significant role in the positive response of mortgage rates. Despite rates reaching almost 8 percent in late October, the Federal Reserve's decision to maintain rates in December and the prospect of rate cuts in 2024 have contributed to the observed decline. Mike Fratantoni, Chief Economist at the Mortgage Bankers Association, emphasizes the shift away from considering additional rate hikes, with attention now focused on the potential pace of future cuts. This change is advantageous for the housing and mortgage markets, with expectations of continued decreases in mortgage rates just in time for the upcoming spring housing market. Despite a consistent rise in home prices throughout the year, as indicated by eight consecutive months of appreciation according to the S&P CoreLogic Case-Shiller index for September 2023, the overall outlook suggests a positive trajectory for the real estate and mortgage sectors.

Mortgage Interest Rates in 2024: What Can You Expect? -translated article LevenWonen- What does the mortgage interest rate do in 2024? After the sudden increase in 2022 and a further rise in 2023, the rate has been declining again for several months. What does the remainder of 2024 have in store?   The level of the mortgage interest rate depends on several factors. One of them is the interest rate set by the European Central Bank (ECB). At 4%, it is historically high, with the aim of halting inflation. According to ECB President Christine Lagarde, this will not change before the summer of 2024.   Mortgage interest and capital market interest The financial market assumed that the ECB would lower interest rates earlier. Now that this is not the case, the so-called capital market interest rate is rising. And because banks and other mortgage lenders borrow money for their mortgages on the financial market, there is a good chance that mortgage interest rates will also rise.   Second half of 2024 However, experts are much more optimistic about the second half of this year. Bloomberg news agency has asked several economists for their expectations. They predict that from June onwards, the ECB will gradually reduce the key interest rates from 4% to 3% in four steps. If this happens, a reduction in mortgage interest rates is a logical consequence.   Another factor determining the level of mortgage interest rates is the competition between mortgage providers. Competition is currently high, so many lenders are unlikely to quickly raise their rates significantly.   House prices up Whether waiting for a lower mortgage interest rate is a good strategy when buying a house remains to be seen. House prices have been rising again for several months and are expected to continue to do so. Furthermore, the interest rate reduction in the second half of 2024 is only a prediction, not a certainty.   Certified Mortgage Advisor If you want to buy a house, refinance your existing mortgage, or reset the interest rate period, you should of course take these developments into account in your decision. As a Certified Financial Advisor, also known as a Certified Mortgage Advisor, I can help you by calculating various scenarios for you. Feel free to make an appointment with me to find out how I can assist you. Eline Hut | 06-51030124 | https://lnkd.in/ercCmemC  #mortgagebroker #howtobuyahome #expats #financegoals #interestrate