Homecroft Wealth Financial Advisers’ Post

📢 Bank of England Base Rate Update 📉 Good news for the mortgage world! The Bank of England has reduced the base rate to 4.75%. This could mean some positive changes for mortgage holders on variable rates, and I’ll be reaching out to any of my clients who might be affected. However, keep in mind that this doesn’t necessarily mean fixed rates have dropped. Fixed rates depend on several factors, I will update all of my clients as lenders react! #boebaserate #baserate #mortgagerates

The Bank of England has just announced a reduction in the base rate from 5.25% to 5%. There have been many changes to mortgage rates recently, with more expected in the near future. This is great news for those with mortgages 🎉 but not so great for savers 🤕. How will this affect you? #BankOfEngland #BaseRate #FinancialWellbeing #TakeControl #MoneyMatters #InvestmentPlanning #WealthManagement

Last week the Bank of England reduced the base rate from 5% to 4.75%, however there will be no change for mortgage holders that are on a fixed rate deal and it may not mean that mortgage rates will decline due to the uncertainty of the economy following the budget announcement last month. 

👀 #Fed #cut interest #rates and 30 yr. fixed mortgage rates flew back up to 7% in an instant Since the Fed started lowering rates in September, 30 yr. #rates have flown from 6.1% to 6.7% #FOMC

Today we’ve had another update from the Bank of England they are holding the base rate at 5.25% for at least another 6 weeks. 🤔 Why is that important? The Bank of England base rate, influences lending rates for banks and borrowers, impacting economic activity and inflation. Adjusted in response to economic conditions, it guides monetary policy goals such as inflation control and economic stimulation. If you’re concerned about your current mortgage rate. Especially if you’re on a tracker or other variable rate, give our team a call or drop us a message. 📱 Think carefully before securing debt against your home. Your property may be repossessed if you do not keep up repayments on your mortgage.

ɢᴏᴏᴅ ᴍᴏʀɴɪɴɢ ʟɪɴᴋᴇᴅɪɴ! In light of yesterday’s RBA meeting. Take a look at some timeframes of future predictions for rate relief by our major banks. *Please keep in mind these are predictions only* Contact us today to have your mortgage reviewed. 📞 0478525954 📧 lindsay@todarofinancegroup.com 🛜 www.todarofinancegroup.com #interestrates #homeloans #homeownership #yourmoney #todarofinancegroup

📣 Breaking News… Bank of England Base Rate reduced to 4.75%! The Bank of England has announced the second drop in interest rates since March 2020. Although many homeowners with fixed-rate mortgages won’t feel an immediate effect, the news is encouraging and appears to continue to move in a positive direction. You can read more in this latest article from the BBC: https://lnkd.in/dRtAeqS If you would like to know how this decision affects you and your mortgage requirements, please contact Leo to arrange a free consultation on 07984 864286. info@goldwaterfinancial.co.uk *Any advice is subject to individual circumstances. Always seek independent advice. #mortgageadvice #mortgagegebroker #mortgagedeals #ukmortgagebrokers #remortgage #firsttimebuyer #goldwaterfinancial #interestraterise #interestrates #financialplanning

Interest rate update. 10 year treasury rates rose above the 2 year treasury rate yesterday. Indication of a normalizing economy? Mortgage rates continue to decline. #coloradorealestate #denverrealestate #aurorarealestate #buyingahome #sellingahome #isnowagoodtimetobuy #buyinganewhome #livinginaurora

The Bank of England cut rates to 4.75%. 640,000 mortgage holders on trackers will feel the immediate boost to their finances and an additional 770,000 on a standard variable rate should see at least some of this cut passed on.

Mortgage rates: When will UK interest rates fall again? The Bank of England has kept interest rates on hold at 5%, but a further cut is expected later in the year. Interest rates affect the mortgage, credit card and savings rates for millions of people across the UK. The first drop in rates for more than four years came in August, but borrowing costs remain high. https://lnkd.in/dRtAeqS