Gen H has implemented rate cuts across most of its interest rate range, effective today at 5:30 p.m.
The changes include a reduction of 20 basis points to two-year rates at 60% loan-to-value (LTV), 18 basis points to five-year rates at 95% LTV and 15 basis points to two- and three-year rates at 95% LTV.
Generation H has also reduced the five-year rate at 85% and 90% LTV by 15 basis points, the two-year rate at 70% and 90% LTV by 10 basis points, the three-year rate at 60% and 90% LTV by 10 basis points and the five-year rate at 60% and 80% LTV by 5 basis points.
The lender’s interest margin will be in line with the above reductions, excluding the 60% LTV over two years, which will only decrease by 10 basis points. The new construction boost percentage remains unchanged at 5.79%.
Gen H head of sales and distribution Sara Palmer says, “There’s no better way to start a new year than with rate reductions designed to support borrowers throughout their homeownership journey.”
By the end of 2025, the market was slightly cooler, and I am hopeful that suppressed home prices will translate into greater accessibility for buyers across the country.”