Nick Millican: Examining the Nationwide Rate Rises and Homebuyer Hardship

This article concerns the current housing industry trends. Nationwide Building Society announced the increase of mortgage rates between 0.3% and 0.3 percentage points on different products, starting from February 2nd.  Nick Millican explains that the move to hold the base interest rate at 5.25% after the meeting involving the Bank of England is to be…