{"id":341087,"date":"2025-08-13T12:05:11","date_gmt":"2025-08-13T12:05:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/341087\/"},"modified":"2025-08-13T12:05:11","modified_gmt":"2025-08-13T12:05:11","slug":"mortgage-rates-below-5-for-first-time-since-truss-budget","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/341087\/","title":{"rendered":"Mortgage rates below 5% for first time since Truss budget"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Last week, the Bank of England revealed that inflation is forecast to spike higher than expected this year &#8211; at 4% in September &#8211; before falling back to its 2% in 2027.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Moneyfacts said this &#8220;is likely to mean the base rate will hold around its current level for longer&#8221; which, after the last cut, is 4%.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Average house prices ticked up by more than \u00a31,000 in July to \u00a3298,237, mortgage lender Halifax said last week.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Although this is close to a record high, Halifax&#8217;s head of mortgages, Amanda Bryden, said: &#8220;With mortgage rates continuing to ease and wages still rising, the picture on affordability is gradually improving.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">She added: &#8220;Combined with the more flexible affordability assessments now in place, the result is a housing market that continues to show resilience, with activity levels holding up well.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We expect house prices to follow a steady path of modest gains through the rest of the year.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Last week, the Bank of England revealed that inflation is forecast to spike higher than expected this year&hellip;\n","protected":false},"author":2,"featured_media":341088,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-341087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115021370105365283","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=341087"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/341088"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=341087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=341087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=341087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}