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Homebuyers Finally Responded, After Mortgage Rates Hit Lowest Level in Three Months

UK, JUL 9 – Mortgage applications surged 41.7% as average rates dropped 62 basis points with 95.1% of borrowers choosing fixed-rate loans, easing affordability pressures, Stonebridge reported.

Summary by CNBC
Mortgage demand took a big jump higher, as rates continue to fall to their lowest level in three months.

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Mortgages indexed to the money market are currently the most advantageous financing solution for homeowners. But the vast majority of them prefer to play the security card by concluding fixed maturitiesThe recent decline in the Swiss National Bank's (SNB) policy rate to zero stimulates the mortgage market. Saron loans have become more attractive. At the end of June, they cost on average between 0.9 and 1.2%, while fixed-rate maturities over five…

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NBC LA broke the news in Los Angeles, United States on Wednesday, July 9, 2025.
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