Average mortgage rates dropped below 5% (4.99% as of November 3rd, per Moneyfacts), a return to the September level after an October rise.The dip is a positive milestone for borrowers, particularly those facing fixed-rate renewals, though its duration is uncertain.Current lower rates reflect a more competitive market compared to the high spike above 6% seen after the 2022 mini-Budget.
Average mortgage rates dropped below 5% (4.99% as of November 3rd, per Moneyfacts), a return to the September level after an October rise.The dip is a positive milestone for borrowers, particularly those facing fixed-rate renewals, though its duration is uncertain.Current lower rates reflect a more competitive market compared to the high spike above 6% seen after the 2022 mini-Budget.
Average mortgage rates dropped below 5% (4.99% as of November 3rd, per Moneyfacts), a return to the September level after an October rise.The dip is a positive milestone for borrowers, particularly those facing fixed-rate renewals, though its duration is uncertain.Current lower rates reflect a more competitive market compared to the high spike above 6% seen after the 2022 mini-Budget.
