Introducing this Friday’s Weekly Wrap, where we bring the news to you. 

Every Friday we are ending your work week by wrapping up the last 7 days of news for you by choosing some key updates and events to share. This news will cover everything property, from estate agent fees to broker updates to government policy, and be a sure way for you to finish your week up to date.

In the past seven days we have seen base rate updates, positive indications within the market, and further insights into first time buyer trends. Let’s take a look at this week’s Weekly Wrap:

1. 1. MPC decision: Base rate held at 4%
   2. Interest rates will fall to 3% – economists
   3. Housing affordability improves but still worse than 20 years ago – ONS
   4. Average mortgage rates climb week-on-week but are lower than last year, Rightmove says
   5. First-time buyers increasingly opt for longer-term mortgages: Barclays