Swap rates hit three-year high as bond sell-off looms
UK homeowners face the prospect of higher mortgage rates as swap rates reached their highest level in three years, driven by volatility in global bond markets and rising oil prices. The five-year swap rate climbed above 4.52% on Wednesday, marking the highest level since October 2023. The post Swap
<p>UK homeowners face the prospect of higher mortgage rates as swap rates reached their highest level in three years, driven by volatility in global bond markets and rising oil prices. The five-year swap rate climbed above 4.52% on Wednesday, marking the highest level since October 2023.
The post Swap </p>