Mortgage Rates Set To Rise

Nationwide Building Society will raise its fixed mortgage interest rates today, on its most popular mortgage deals, by between 0.26% to 0.86%.

Other lenders are expected to follow suit, as they seek to reduce the demand for their products as the Swap rates (which dictate the cost of fixed rate lending) rise.

Needless to say, savings rates will not be increased.

Posted in: interest rates,mortgages,Nationwide,recession