Five Fact Friday 4 Aug 2023 - Housing Stig's Amazing Mortgage Maths

Watch the livestream of this video here: https://youtube.com/live/UceO-3apRIU

FFF 3 August 2023

UK Homebuilder Taylor Wimpey Says House Prices Still Rising 

https://www.bloomberg.com/news/articles/2023-08-02/taylor-wimpey-says-uk-house-prices-rising-in-face-of-cool-demand

Demystifying mortgages by Housing Stig

https://twitter.com/alexgroundwater/status/1686471367300980736?s=46&t=qGtk0CnhZbr405E5nhNA0w 

Bank of England says rates will stay high until 2025 after raising base rate to 5.25%. (Peak now expected around 5.75%)

https://www.bankofengland.co.uk/monetary-policy-report/2023/august-2023

Nationwide House prices fall fastest annual rate since 2009

https://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-edged-further-into-negative-territory-in-july 

Average two year fixed mortgage rate falls 0.05% to 6.81% 

https://www.theguardian.com/money/2023/jul/28/big-uk-lender-cut-fixed-mortgage-deal-sign-rate-close-peaking 

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