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Mortgage delinquencies surged in May 2025 amid high home prices, rising student debt, and affordability challenges.
The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
2 July: Nationwide Offers Market-Leading 3.81% Fix. Nationwide, Halifax, Santander, HSBC and Barclays are among the big-name lenders cutting mortgage rates in a developing price war, writes Jo ...
Stephen Perkins, managing director at Yellow Brick Mortgages, said: “Competition is heating up and lenders are adapting their ...
Mortgage rates could still trend down in the coming months, but it's unlikely they'll get low enough for the majority of homeowners to consider refinancing.