US EditionUK debt market sell-off threatens mortgage pain for households
- Government borrowing costs are at their highest in 16 years, with the pound at a 14-month low against the dollar.
- The Bank of England warns that the full impact of higher interest rates has not yet affected all mortgagors.
- About 700,000 households face increased mortgage costs in 2025 due to rising borrowing costs, adding £1.27 billion to annual housing expenses.
- The Treasury states that fiscal rules are non-negotiable, and a more detailed strategy for sustained growth is needed.
21 Articles
21 Articles
Lower interest rates are usually beneficial for bonds, but investors have not yet seen the expected effect.
Mortgages rates are not rising yet but Reeves has to act
https://www.bbc.com/news/articles/cx2pg75yn88o Getty ImagesIt has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she is leaving at a moment of economic peril. Source
Mortgage warning as rates set to rise after UK borrowing hits 27-year high
Homeowners have been issued an urgent warning as fixed-rate mortgages are set to rise after Government borrowing costs soared to their highest level in more than 27 years.The rise in borrowing costs has thrown expected mortgage rate reductions into question, despite previous predictions of multiple Bank of England base rate cuts this year.The yield on 30-year gilts reached 5.4 per cent yesterday, a level not seen since 1998, while 10-year gilt y…
Coverage Details
Bias Distribution
- 64% of the sources are Center
To view factuality data please Upgrade to Premium
