Mortgage Rates Fluctuate but Remain Historically High

Mortgage rates have remained flat over the past week around 6.44% for a 30-year fixed rate according to news reports.s
steps homeowners can take to secure a competitive mortgage rate include improving credit scores, shopping lenders, and locking in lower rates when possible.
Mortgage rates are projected to decrease over the next couple of years but depend heavily on controlling inflation rates.
Mortgage costs and interest rates have increased recently for lenders like Nationwide, Halifax, TSB, HSBC, and First Direct.
The average rates for fixed mortgages, specifically 2-year and 5-year deals, are 6.37% and 5.94% respectively, indicating mortgage rates remain at historically higher levels.