Posted July 28, 2023

Our Director and Head of Financial Planning, Barry Jones was recently asked to provide a comment for an article about the effect on mortgage rates after inflation rates fell in June and are predicted to keep falling.

Barry commented:

“The forecast expectations of inflation reducing from August and coming down to 4-5% by the end of 2023 is priced into mortgage rates. If the data comes through as expected then we would expect to see a gradual reduction in the prices of fixed rates, as the market can see the end of the interest rate increases with more clarity.”

Read the full article on nerdwallet.com  – ‘Signs Mortgage Rates may have peaked after inflation falls’.