{"id":6102424,"date":"2024-09-16T07:00:47","date_gmt":"2024-09-16T06:00:47","guid":{"rendered":"https:\/\/www.buyassociationgroup.com\/en-gb\/?p=6102424"},"modified":"2024-09-12T18:14:20","modified_gmt":"2024-09-12T17:14:20","slug":"the-7am-cut-19","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/the-7am-cut-19\/","title":{"rendered":"The 7am Cut"},"content":{"rendered":"
BuyAssociation curates a weekly news letter of the top property news headlines \u2013 to receive your weekly round up of property news,\u00a0register today.<\/a><\/strong><\/p>\n In the news this week<\/a>: falling mortgage rates could spur autumn boost for house market; Bank of England to cut interest rates and; UK house prices hit two-year high…<\/p>\n <\/p>\n \u201cThe average two-year fixed rate is now 5.56% (as of the start of September), which is a fall of 0.21% compared with August\u2019s figures. Meanwhile, the average five-year fixed rate now stands at 5.20%, having fallen by 0.18% month-on-month\u201d\u2026<\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cThe Bank of England will keep its main interest rate at 5% next week but reduce it in November even though inflation is expected to stay above the central bank\u2019s 2% target, a firm majority of economists in a Reuters poll said.<\/p>\n All 65 economists in the Sept. 6-11 poll predicted the Bank Rate will be left at 5% next week\u201d\u2026<\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cUK house prices hit a two-year high last month, in the latest sign that the property market has recovered from the aftermath of Liz Truss\u2019s infamous mini-budget that sent borrowing costs soaring, according to the latest figures from Halifax.<\/p>\n The lender said the cost of an average house increased by 0.3% last month, after rising 0.9% in July, pushing the average cost of a property to \u00a3292,505\u201d\u2026<\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cAfter a prolonged period of economic headwinds, the UK economy is starting to show signs of recovery and growth and the current 2.8% rate of inflation is close to the Bank of England\u2019s target of 2%. At the same time, house prices have not only stabilised, but are showing strong signs of growth, with the latest UK House Price Index recording a fifth consecutive month of monthly growth, and a fourth consecutive month of annual growth\u201d\u2026<\/p>\nFalling mortgage rates could spur autumn boost for house market<\/strong><\/h3>\n
\u2060–\u00a0Eleanor Harvey, BuyAssociation<\/em><\/h4>\n
Bank of England to cut interest rates, economists forecast<\/strong><\/h3>\n
–\u00a0Marc Da Silva, Property Industry Eye<\/em><\/h4>\n
UK house prices hit two-year high as market recovers from Truss mini-budget<\/strong><\/h3>\n
–\u00a0Mark Sweney and Graeme Wearden, The Guardian\u00a0<\/em><\/h4>\n
<\/h3>\n
House price growth continues to outpace inflation across the UK<\/strong><\/h3>\n
–\u00a0Property reporter<\/em><\/h4>\n