How interest rate hike will affect mortgages

From the creator

Interest rates are going up again - to 4.5% - the highest level they have been for 15 years. (Subscribe: https://bit.ly/C4_News_Subscribe) The Bank of England today said it was more optimistic about economic growth - it now believes there will be no recession this year. But it also thinks inflation is going to stay higher for longer. Rising rates mean that over a million people are about to see their mortgage payments shoot up as their fixed rate deals end this year. ----------------------- Follow us: Facebook - https://www.facebook.com/Channel4News/ Twitter - https://twitter.com/Channel4News TikTok - https://www.tiktok.com/@c4news Instagram - https://www.instagram.com/channel4news/

Published 2023-05-11 · Watch on YouTube ↗
Availability and playback restrictions are controlled by the original channel.