28th September 2022
Affordability would be squeezed if mortgage rate rose to 6%, says Rightmove
The average monthly mortgage payment for a household buying a first-time buyer home would increase to £1,302 if the average mortgage rate rose to 6% (for a 90% LTV two-year fix), according to Rightmove.
The property website has made some predictions on affordability if mortgage rates were to increase to 6%. The...