蜜芽传媒

Mortgage rates are going up. A number of major lenders have withdrawn some of their best mortgage deals. The reason is driven by a fear of another rise in the Bank Rate. And that has caused an increase in what are called 'swap rates'. That is the price that lenders pay to protect their fixed price deals against rising interest rates. And if swap rates rise, it's a sign that lenders expect interest rates to rise, and mortgages to become more expensive.

First broadcast on Money Box, 11 March 2018.