Every Friday we get an overview of the mortgage market with the help of industry experts - before honing in on the best deals available right now with the guys at Moneyfacts.Two major announcements this week are set to have a big impact on mortgages and the housing market in the coming months.First, inflation came in at 2.3% for April - within touching distance of the Bank of England's 2% target but higher than the Bank and most analysts had anticipated.
'James Hyde, spokesman for Moneyfactscompare.co.uk, added: 'Week on week, the overall average two- and five-year fixed rates remained very steady, currently sitting at 5.93% and 5.50% respectively.'The second big announcement was the general election - which we now know will be on 4 July.Richard Donnell, executive director at Zoopla, said buyers who are close to agreeing a sale will 'ideally want to push through and agree to sales now'.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SkyNews - 🏆 35. / 67 Read more »