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Evening Standard
Evening Standard
Business
Jonathan Prynn and Daniel O'Boyle

‘This could get worse before it gets better’ — New mortgage fears as gilt yields top mini-Budget levels

Bellway

Home owners were today warned to brace for even higher mortgage rates as the gilt yields used to set the price on fixed deals raced to levels even higher than those seen after last September’s mini-Budget.

The benchmark two year gilt was yielding 4.8% at one stage, up 18 basis points, even higher than the 4.73% seen immediately after Kwasi Kwarteng’s disastrous statement in the Commons.

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