{"id":501912,"date":"2026-03-03T21:07:10","date_gmt":"2026-03-03T21:07:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/501912\/"},"modified":"2026-03-03T21:07:10","modified_gmt":"2026-03-03T21:07:10","slug":"three-forecasts-in-the-spring-statement-and-what-they-could-mean-for-your-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/501912\/","title":{"rendered":"Three forecasts in the Spring Statement and what they could mean for your money"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The OBR said the average interest rate on mortgages was expected to rise from 4.1% this year to 4.5% on average each year from 2027 to 2030.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Competition between mortgage lenders for first-time buyers has intensified this year, as they offer bigger loans in comparison with people&#8217;s income and require smaller deposits. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In turn, that has eased some of the pressure on the cost of renting.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, that has come after rents for new tenancies soared since 2020. Our interactive graphic shows where the \u00a31,000 a month rental zone has extended, principally from London. The average rent figures do not account for inflation.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Use the tool, using data from property portal Zoopla, to see how the cost of privately rented homes has risen in your council area in England, Scotland and Wales.<\/p>\n","protected":false},"excerpt":{"rendered":"The OBR said the average interest rate on mortgages was expected to rise from 4.1% this year to&hellip;\n","protected":false},"author":2,"featured_media":501913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-501912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/501912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=501912"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/501912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/501913"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=501912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=501912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=501912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}