"Rising energy prices and geopolitical tensions have pushed up swap rates, which lenders use to price fixed-rate mortgages, and a number of high street lenders have already responded by increasing rates."
"According to Moneyfacts, average mortgage rates have climbed above 5 percent in March, marking the highest figure in seven months and currently hovering near 5.5 percent approaching April."
"With tensions in the Middle East contributing to what Craig Fish calls the most unpredictable forecasting environments in recent years, there are various directions costs could go in, making forward planning hard for consumers."
In the first quarter of 2026, mortgage market conditions have changed dramatically, with many lenders withdrawing products and increasing rates. Rising energy prices and geopolitical tensions, particularly from the Iran war, have led to higher swap rates, affecting fixed-rate mortgages. Average mortgage rates have surpassed 5 percent, the highest in seven months. With one million fixed-rate deals expiring between April and September, many borrowers, including first-time buyers, will be seeking new agreements amid unpredictable market conditions.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]