Mortgage Rates in August Reverse July Declines, Returning to June Levels

POLICY WIRE — London, UK — The average new mortgage rate in the UK has reverted to its June level of 5.59% at the start of August, following a temporary decline in July, according to financial data...

Editorial Desk

August 10, 2026 One Min Read

POLICY WIRE — London, UK — The average new mortgage rate in the UK has reverted to its June level of 5.59% at the start of August, following a temporary decline in July, according to financial data provider Moneyfacts.

This rate is identical to what was observed at the beginning of June, indicating that the improvements seen in July were short-lived. The fluctuation in mortgage rates underscores the volatile nature of the UK housing market and its sensitivity to economic conditions.

Moneyfacts noted the rate changes without providing further analysis or commentary. The data highlights the challenges faced by potential homebuyers and existing mortgage holders in planning their finances amidst uncertain market conditions.

For more financial news and updates, visit Policy-Wire.

Reporting by Policy-Wire (PW)

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