UK Mortgage Rates Set to Rise as Bond Sell Off Drives Up Borrowing Costs – Business Live The recent global bond sell off has sent shockwaves through the economy, with its consequences now manifesting in the mortgage market.
Swap rates have reached their highest level since 2023, prompting lenders to prepare for higher interest rates on fixed term mortgages.
This development is particularly concerning for homebuyers who are already struggling with affordability constraints.