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UK mortgage borrowers brace for rate jump amid global bond sell-off

UK homeowners face rising mortgage costs as swap rates hit a three-year high, driven by a global bond market sell-off and fears of higher inflation linked to climbing oil prices.

UK mortgage borrowers brace for rate jump amid global bond sell-off
UK mortgage borrowers brace for rate jump amid global bond sell-off
Diliff · CC BY-SA 3.0 · rights

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UK homeowners face rising mortgage costs as swap rates hit a three-year high, driven by a global bond market sell-off and fears of higher inflation linked to climbing oil prices.