Mortgage rates, Banks and building societies, Money, Mortgages, Property Business | The Guardian
Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% targetThe average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrower could face “further pain” if the latest inflation data out this week show it has risen back above the Bank of England’s 2% target.Expectations that UK interest rates will stay higher for longer as a result of measures in last month’s budget have prompted many mortgage lenders to increase the cost of their new fixed-rate deals, while the US election result has helped to fuel the volatility. Continue reading…
Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% target
The average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrower could face “further pain” if the latest inflation data out this week show it has risen back above the Bank of England’s 2% target.
Expectations that UK interest rates will stay higher for longer as a result of measures in last month’s budget have prompted many mortgage lenders to increase the cost of their new fixed-rate deals, while the US election result has helped to fuel the volatility.
