While there has been a noticeable rise in mortgage rates over the past couple of years, it’s worth highlighting that today’s rates are still significantly below the peaks we witnessed in the early 2000s and during the financial crisis. This perspective is essential for homeowners and buyers in Northampton to consider.
For local property buyers and sellers, these shifts in
mortgage rates have a direct impact. Higher rates can tighten affordability for
buyers, while sellers may see some softening in demand. However, compared to
historic highs, today's rates remain competitive, and well-prepared buyers can
still secure favourable deals with the right guidance.
If you’re thinking about how these mortgage rate trends might affect your next move in Northampton’s property market, I’d be delighted to have a conversation. Whether you’re buying, selling, or just keeping an eye on the market, let’s discuss how to make the most of the current conditions.
Feel free to give me a call on 01604 626 626 – I’m here to help navigate you through the changing landscape of the Northampton property market.
