‘Trumpflation’ Could Make Mortgages up to £1,500 More Expensive
5 Articles
5 Articles
‘Trumpflation’ could make mortgages up to £1,500 more expensive
Borrowers could be paying between £1,000 and £1,500 more on their mortgage as higher swap rates push up the cost of borrowing, insight has suggested. The post ‘Trumpflation’ could make mortgages up to £1,500 more expensive appeared first on Mortgage Solutions.
'Trumpflation' could hike mortgage prices by £1,500 a year
The 'Trumpflation' effect of the Middle East war could add £1,000 to £1,500 a year to the cost of a fixed rate, according to Moneyfacts. The war between the US, Israel and Iran has caused a rise in swap rates, causing many lenders to hike… The post ‘Trumpflation’ could hike mortgage prices by £1,500 a year appeared first on Mortgage Finance Gazette.
How far could ‘Trumpflation’ drive new average mortgage rates?
Rising swap rates are pushing mortgage pricing higher, with Moneyfacts figures showing the average two-year fixed residential mortgage rate has increased from 4.83% at the start of March to 5.35% today, its highest level since March 2025, adding around £900 per year to the cost of borrowing £250,000 over 25 years. The average five-year fixed rate has also risen, from 4.95% to 5.39%, the highest since July 2024, adding around £775 annually. With …
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