Mortgage rates on the rise again

Recent changes in interest rates and swap rates have led to major lenders, including Nationwide Building Society, HSBC UK, and Santander, increasing their mortgage rates. Nationwide announced that selected two, three, and five-year fixed-rate deals will rise by up to 0.20 percentage points, reflecting the current swap rate environment. A spokesperson from Nationwide stated: “The changes we're making on our fixed-rate range are reflective of that and the rate changes happening across the market.” 

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