House prices in June continued to drop and the monthly figure was said to be 0.6%
, after the figures for May showed a decrease of 0.5%, some people feared that house prices were beginning to spiral, However with the financial market, many experts look at more longer term figures and this makes for better reading as it shows that house prices are in fact stabilising. When you compare the first quarter to the second quarter, house prices are only 0.1% lower which shows that fears that house prices are going to freefall are sure to be to be allayed.
Experts predict that house prices throughout the whole of 2010 will remain around the same kind of figure and recently released figures tend to backup these expectations. This means that those looking for a mortgage or looking to remortgage can start to look around to see what is in their price range as it is fair to say that house prices look set to be stabilised in the coming months. If you are looking to remortgage it is important to see what deals are out there and how they would affect your repayments.
There are many deals on the market at the moment and choosing who you get your mortgage from is not an easy thing to do. This is why the whole of market mortgage brokers were introduced to the market, to make things easier for those looking for a mortgage. People are advised to check the deals on mortgages regularly to make sure that they are getting the best deal around, of course there may be penalties to pay for ending your current deal early so before switching make sure you know everything that will need to be paid before making your final decision.
Whole of market mortgage brokers are on hand to help you make this decision and as they have access to many deals from all the leading lenders. When you go to your bank they will offer you a range of their own deals which means you could be missing out on a better deal which is why it is better to seek the advice of a whole of market mortgage broker first. If you have an idea of the type of house you are looking for then why not get a pre-approved mortgage to see what mortgage would be available to you.