UK mortgage rates have started to head higher again, reversing a downward trend as the Bank of England signals it’s sticking with its efforts to rein in double-digit inflation.
Property experts warned that mortgage rates risk climbing further if markets firm up bets on the BOE continuing to hike interest rates to as high as 5%. Investors are betting the central bank will lift its key lending rate a quarter point on May 11 to 4.5%, continuing the quickest series of increases in four decades.
—————————————————-
Source link