Nov
14
Era of Falling U.K. Mortgage Costs May Be at an End
ByMuted wage growth means muted house-price inflation
The era of falling mortgage costs may be over.
Swap rates, which banks use to price their home loans, have been rising since September and are now at levels last seen before Britons voted to leave the European Union on June 23.
That’s in spite of the Bank of England cutting its benchmark interest rate to a record-low 0.25 percent on Aug. 4 in attempt to shore up the economy from any fallout from the Brexit vote…
