Major Banks Cut Mortgage Rates Following Bank of England's Signals
HSBC, Barclays, and NatWest reduce fixed-rate home loans as anticipation grows for potential interest rate cuts in August.
- HSBC, Barclays, and NatWest have lowered mortgage rates, with more banks expected to follow.
- The Bank of England's recent hold on interest rates and hints at future cuts have influenced this trend.
- Current mortgage rates remain high, with average two-year fixed deals at 5.96% and five-year deals at 5.53%.
- The housing market has seen reduced activity due to rate volatility and political uncertainty.
- Experts predict that lower rates could stimulate the market, but the extent of the impact remains uncertain.
Evening Standard 
The Guardian 
BBC 
The Telegraph 