US EditionHomeowners face higher mortgage rates as Trump's Iran war hits FTSE 100
UK lenders Nationwide, HSBC, and Coventry Building Society raise mortgage rates due to rising swap rates linked to Iran conflict and surging oil prices, affecting borrowers nationwide.
8 Articles
8 Articles
If your mortgage is up for renewal this year, you need to act now
If the current conflict in the Middle East does not let up soon, many UK homeowners could see their mortgage costs rise sharply. Again. As the conflict in the Persian Gulf escalates, so do the cost of oil prices. Gas is rising, and mortgages have already started to follow. Yet across Britain, hundreds of thousands of homeowners are doing nothing about it. If you have a mortgage coming up for renewal this year, let me be blunt with you, because s…
March 2026 Mortgage Rates Near 6%, 15‑Year at 5.50% as Iran War and Job Losses Shake Market — Should You Lock In?
The answer used to be simple. Bad jobs data meant rate cuts were coming. Not anymore. As of 8 March, the 30-year fixed mortgage rate stands at 5.98%, with the 15-year fixed at 5.50%, according to Zillow data reported by Yahoo Finance. That's a 17 basis point jump from the 5.75%–5.87% range just one week ago. And the reason has nothing to do with the US economy. It's the war. Oil Crosses $100 for the First Time Since 2022 US oil futures shot past…
The reference index most used in variable mortgages, the Euribor, has climbed to 2.367%, its highest daily level since March 2025, in a context marked by the war in Iran, the rise in oil prices and the fear that the European Central Bank will end up moving with interest rates.
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