
Nationwide, Santander, and NatWest are set to increase mortgage rates. Nationwide has stopped lending on some flood-risk properties, leading other banks to potentially follow suit. House prices are falling as lenders raise mortgage rates. Demand for riskier adjustable-rate mortgages has surged to the highest level this year due to rising rates. Mortgage demand has decreased as rates soar to their highest levels since November 2023.
Mortgage demand continues to fall as rates soar: Mortgage demand dipped last week as mortgage rates reached their highest levels since November 2023. https://t.co/OuM7q9wyPN
Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing https://t.co/t7QlGlrBWp
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates - CNBC https://t.co/AaIA0dTt4F
