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UK Mortgage Rate Unchanged in May

Created at 4 Jun · 9:11 AM2 sources2 events
IN SHORT

The average UK mortgage rate remained steady at 6.6% in May, unchanged from the previous month. This figure reflects the current state of the UK's housing and lending markets.

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Key Numbers

6.6%UK mortgage rate (May)
6.6%UK mortgage rate (Previous Month)

Who's Involved

United Kingdom
Country reporting mortgage rate data

↳ Why This Matters

This data point provides insight into the cost of borrowing for homebuyers in the UK, impacting housing affordability and market activity.

Key facts

  • The average UK mortgage rate was 6.6% in May.
  • This rate is unchanged from the previous month.

The average mortgage rate in the United Kingdom held firm at 6.6% in May. This figure represents no change from the rate recorded in the preceding month, indicating a period of stability in the UK's mortgage market.

Frequently asked questions

The average UK mortgage rate in May was 6.6%.

No, the UK mortgage rate remained unchanged at 6.6% in May compared to the previous month.

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Cadence
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  • Japanese Yen futures fell near multi-decade lows.
    8 Jul · 7:57 PM

How It Developed

5 Jun · 8:49 AM
The UK mortgage rate remained unchanged at 6.6% in May, mirroring the previous month's figure.
Economic And Earnings Data via PiQSuite
4 Jun · 8:53 AM
United Kingdom new passenger car registrations in May were 160, up from 149 in the previous period.
Economic And Earnings Data via PiQSuite

Sources

T1
🇬🇧 United Kingdom United Kingdom New Passenger Cars Registration (May) $GBP Actual: 160 Previous: 149m.piqsuite.com
T1
🇬🇧 United Kingdom Mortgage Rate (GBP) (May) $GBP Actual: 6.6% Previous: 6.6%m.piqsuite.com

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