Why mortgage rates are going up, not down [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
plc.rightmove.co.uk/investors
Company Research
Source: Yahoo! Finance
The last two weeks have seen a string of lenders raise the interest rates on new fixed mortgage deals. The rises have made borrowing more expensive and potentially will mean some people having to postpone their plans. More than 1.5 million existing homeowners are remortgaging this year, and they too may have expected rates to be falling, not heading back up again. So why are rates heading upwards? The answer can be complex, and varied - but here are three reasons: 1. Borrowing is more expensive Mortgage rates often pre-empt moves by the Bank of England with benchmark interest rates, also known as the base rate. Remember, higher rates make it more expensive to borrow money. Markets move as they try to predict what the Bank's Monetary Policy Committee will do. In turn, that affects mortgage lenders' funding costs. "Swap rates are when two parties exchange (or swap) interest rates to secure funding over a set period of time. Swap rates influence the price of fixed-rate mortg
Show less
Read more
Impact Snapshot
Event Time:
RTMVY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTMVY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTMVY alerts
High impacting RIGHTMOVE PLC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
RTMVY
News
- FTSE 100 LIVE: European markets and oil prices higher as Iran's president killed in crash [Yahoo! Finance]Yahoo! Finance
- 160,000 rental properties disappear from the market as landlords sell up [Yahoo! Finance]Yahoo! Finance
- Renting: Three ways to win the race to securing a property [Yahoo! Finance]Yahoo! Finance
- Rightmove sees higher mortgage rates weighing on UK housing market [Reuters]Reuters
- Mortgage Rates 8 May 2024 [Forbes]Forbes