Global Bond Selloff Drives Up Mortgage Costs
Global bond market selloffs are pushing borrowing costs to decade highs and driving up mortgage rates from the UK to the US. Homeowners face surging monthly payments as energy prices and government yields rise.
Insights:
United Kingdom homeowners face monthly mortgage costs trebling from £550 to £1,650 as a global bond selloff drives up borrowing expenses. The surge threatens household finances across the United States and Japan as rates hit decade highs. High borrowing costs risk choking the wider housing recovery and cooling consumer demand.
