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UK Housingin Financial Markets
7 hours agoMortgage rates are rising, increasing payments for millions, but U.K. homebuyer demand shows a positive shift for the first time in months.
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Financial Markets
Current Mortgage Rates: July 10, 2025
negativeFinancial Markets
Mortgage rates just ticked up after six straight weeks of declines, with the average 30-year fixed rate now sitting at 6.72%. It’s not a huge jump, but it breaks a downward trend that had given homebuyers a bit of relief.
Editor’s Note: If you’ve been waiting to lock in a mortgage, this uptick might make you rethink your timing. Rising rates can squeeze budgets, especially for first-time buyers already dealing with high home prices. Even small increases add up over a 30-year loan, so this shift could push some buyers to act fast before rates climb further. For sellers, it’s a reminder that affordability challenges aren’t going away anytime soon.
Millions of homeowners to see mortgage payments rise
negativeFinancial Markets
If your mortgage deal is about to expire, brace yourself—your monthly payments are likely going up. The Bank of England crunched the numbers and found that while the hike won’t be as steep as earlier predictions, it’s still an extra financial squeeze for millions of homeowners.
Editor’s Note: Mortgage rates have been a rollercoaster lately, and this update means households already stretched by rising costs will feel even more pressure. It’s not the worst-case scenario, but it’s another reminder that budgets aren’t getting any looser. For anyone renewing soon, it’s time to shop around—every bit of savings counts.
June’s U.K. Home Buyer Demand Turns Positive for the First Time Since December
positiveFinancial Markets
After six straight months of decline, more people in the U.K. are finally showing interest in buying homes again. A key survey from a respected real estate group shows buyer inquiries bounced back to a modest 3% growth in June—a big turnaround from May’s steep 22% drop.
Editor’s Note: This could be the first flicker of hope for a sluggish housing market. Rising demand might signal that buyers are adjusting to higher mortgage rates or feeling more confident, but it’s still early days. If the trend holds, it could ease some of the pressure on sellers and breathe life back into property sales.
Vistry H1 profit drops 34% to £80 mln as completions and orders decline
negativeFinancial Markets
British homebuilder Vistry just reported a rough first half of the year—profits plunged 34% to £80 million as both home completions and new orders dropped. Basically, they're selling fewer houses and making less money on each one, reflecting broader struggles in the UK housing market.
Editor’s Note: This isn’t just about one company—Vistry’s slump hints at deeper cracks in the UK’s property sector. With high mortgage rates squeezing buyers and economic uncertainty lingering, even big players are feeling the pinch. If this trend holds, it could mean fewer new homes being built, which might keep prices stubbornly high for everyone else.
UK house buyer demand turns positive for first time since December
positiveFinancial Markets
After months of sluggish activity, people in the UK are finally showing more interest in buying homes again—the first uptick since last December. It’s a small but notable shift, suggesting buyers might be regaining confidence despite high mortgage rates and economic uncertainty.
Editor’s Note: The housing market’s been stuck in a rut for a while, so even a slight rebound in demand could hint at a turning point. If this trend holds, it might ease some of the pressure on sellers and breathe a bit of life back into the property market. Still, it’s too early to call it a full recovery—but for now, it’s a glimmer of hope.
UK housing market steadies after tax hike downturn, RICS says
neutralFinancial Markets
After a rough patch caused by tax increases, the UK housing market is finally showing signs of stabilization, according to the Royal Institution of Chartered Surveyors (RICS). While prices aren’t soaring, the sharp declines seen earlier seem to be leveling off, with buyer demand and sales activity holding steady. It’s not a boom, but it’s a welcome breather after the turbulence.
Editor’s Note: The housing market’s health affects everything from homeowners’ equity to renters’ options, so even a tentative recovery matters. If things stay stable, it could mean fewer panic sellers and more confidence for buyers—though high mortgage rates and affordability woes still loom. For now, it’s a sign the market might be finding its footing.
RICS: homebuyers are returning after stamp duty shock
positiveFinancial Markets
After a sluggish few months triggered by April's stamp duty changes, the UK housing market is showing tentative signs of life again. Surveyors report renewed interest from buyers who'd been sitting on the sidelines—suggesting the initial shock might be wearing off.
Editor’s Note: For anyone trying to sell or buy a home, this flicker of recovery matters. It hints that the market could be adjusting to the new financial reality, rather than spiraling into a prolonged slump. Still, "recovery" doesn't mean a return to boom times—just that the freeze is thawing a little.
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Why World Pulse Now?
Global Coverage
All major sources, one page
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Feel the mood behind headlines
Trending Topics
Know what’s trending, globally
Read Less, Know More
Get summaries. Save time
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Learn moreLive Stats
Articles Processed
10,089
Trending Topics
118
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211
Last Updated
3 hours ago
Live data processing
How it works1-Minute Daily Briefing
Stay sharp in 60 seconds. Get concise summaries of today’s biggest stories — markets, tech, sports, and more