Mortgage rates are spiking - how bad will it get?

MAR 13, 202634 MIN
This is Money Podcast

Mortgage rates are spiking - how bad will it get?

MAR 13, 202634 MIN

Description

<p>Mortgage rates have shot up this week as the impact of the conflict with Iran for inflation and interest rates sinks in.</p><p>Banks and building societies have been racing to raise their fixed rates - with some even pushing them up twice in the space of a few days.</p><p>It comes in response to a sudden switch around in expectations for the Bank of England base rate, but will this flurry of hikes continue or are the concerns overdone.</p><p>On this episode of the This is Money Podcast, Georgie Frost, Helen Crane and Simon Lambert look at what's going on in the mortgage market - and what you can do about it if you are buying a home or need to remortgage.</p><p>Plus, Simon has broken with the habit of a lifetime and actually fixed his energy bills for once. He explains why you should too - and how there are still potentially price cap-beating or matching deals out there.</p><p>Helen outlines the nine biggest mistakes you can make with your pension - and what they could cost you.</p><p>And finally, if you have a Nationwide current account and are hopefully in line for some free money from Fairer Share, this is what you must do in the next two weeks.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>