Fears Grow Over Likely Interest Rate Hike As Inflation Hits 2.9%

Fears Grow Over Likely Interest Rate Hike As Inflation Hits 2.9%

Inflation rises to 2.9% raising mortgage rate concerns

UK inflation increased to 2.9% in July, up from 2.6% in June, according to Office for National Statistics data. The rise above the Bank of England's 2% target could delay anticipated interest rate cuts and maintain higher borrowing costs for property buyers. The post Inflation rises to 2.9% raising mortgage rate concerns appeared first on PropertyWire.

Blow for borrowers as inflation rate climbs

The latest inflation data brings a "renewed level of concern to many individuals and families," warns Propertymark's Nathan Emerson.

Inflation rises – will this push mortgage rates higher?

Inflation climbed up to 2.9% in July raising fears of interest rate hikes and mortgage price increases. The post Inflation rises – will this push mortgage rates higher? appeared first on what MORTGAGE.