FIXED-RATE MORTGAGES BELOW 1% AGAIN

Future property owners can rejoice: fixed-rate mortgages have fallen massively in recent weeks and are approaching the record lows seen during the pandemic. Various banks are offering 5-year fixed-rate mortgages for less than 1% and even 10-year fixed-rate mortgages don't cost much more. So buying is definitely cheaper than renting again.

So is everything good for long-suffering property seekers? Not necessarily. The significantly lower mortgage rates are increasing demand for an already limited supply of properties and prices are likely to rise further.