Global Mortgage Rates Rise Amid Geopolitics
Global mortgage costs are firming as swap rates climb amid Middle East tensions, with UK lenders like Halifax, HSBC, and Barclays lifting pricing and removing sub-4% deals, while US rates have climbed to about 6.55% for a 30-year fixed, dampening buyer demand. The trend extends to other markets, including the Czech Republic, where rate volatility continues to push up borrowing costs and mortgage pricing.
