MortgagesMay 8 2023

Mortgage costs see ‘meteoric’ rise since last royal coronation

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Mortgage costs see ‘meteoric’ rise since last royal coronation
Britain's late Queen Elizabeth II and Prince Philip, Duke of Edinburgh, following her coronation at Westminster Abbey. London, June. 2, 1953. (AP Photo/Priest)

Although interest rates are lower now than at the time of the 1953 coronation, house prices and monthly mortgage interest rates have seen a ‘meteoric’ rise, with many locked out of homeownership today as a result.

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