UK fixed mortgage rates climbed to their highest levels in more than two years on Friday as elevated government bond yields continued to push up borrowing costs.
UK Mortgage Rates Hit Three-Year High as Bond Rout Pushes Borrowing Costs Up
UK mortgage rates have climbed to their highest levels in years as rising government bond yields increase funding costs for lenders.
FTSE 100 Starts July Lower as Property Stocks Weaken
The FTSE 100 fell at the open on Wednesday as flat UK house price data weighed on housebuilders.
Housebuilders tumble on FTSE 100, mortgage rates fall below 6pc for the first time since July
The FTSE 100 experienced a decline as investor outlook was negatively influenced by the anticipation of prolonged higher interest rates.