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.
“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’.