{"id":743969,"date":"2023-06-16T23:46:04","date_gmt":"2023-06-16T23:01:00","guid":{"rendered":"https:\/\/omni48.com\/?p=743969"},"modified":"2023-06-17T02:57:15","modified_gmt":"2023-06-17T02:57:15","slug":"mortgage-crunch-on-track-to-increase-annual-household-bills-by-15-8bn-by-2026","status":"publish","type":"post","link":"https:\/\/omni48.com\/real-estate\/mortgage-crunch-on-track-to-increase-annual-household-bills-by-15-8bn-by-2026","title":{"rendered":"Mortgage crunch &#8216;on track to increase annual household bills by &#163;15.8bn by 2026&#8217;"},"content":{"rendered":"<p>Annual mortgage repayments are set to rise by &#163;2,900 for the average household remortgaging next year, according to a think-tank.As the UK&#8217;s &#8220;mortgage crunch&#8221; deepens, total annual mortgage repayments could rise by &#163;15.8 billion by 2026, the Resolution Foundation said.Stickier-than-expected inflation has raised expectations that the Bank of England&#8217;s base rate-rising cycle, which started in December 2021, will continue for longer.Rates are now expected to peak, in mid-2024, at nearly 6%, the foundation said.Those higher expectations are swiftly moving through into mortgage rates, with deals being withdrawn from the market and replaced by new ones with higher rates.The mortgage crunch&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Annual mortgage repayments are set to rise by &#163;2,900 for the average household remortgaging next year, according to a think-tank.As the UK&#8217;s &#8220;mortgage crunch&#8221; deepens, total annual mortgage repayments could<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-743969","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/743969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=743969"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/743969\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=743969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=743969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=743969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}