Mortgage chaos, savings frenzy: what the hell is going on? This is the Money podcast
The mortgage market is in chaos, lenders are closing deals and rates are rising rapidly.
The average fixed mortgage rate has skyrocketed over the past month and we are now at the stage where it is much like the post-mini-Budget panic.
At the same time, savings rates are going gangbusters and hardly a day goes by without a new best buy.
Meanwhile, UK government bond yields have also soared, driving the UK’s borrowing costs even higher.
What the hell is going on? In this podcast, Georgie Frost, Helen Crane and Simon Lambert dive in and try to explain why the sudden inflation-driven chaos has started and what borrowers and savers can do.
What should you do if you need a mortgage?
Is now a good time to grab a savings deal or should you wait for better rates?
How does it compare to the double-digit days of the 1980s?
What does this mean for the economy?
Are we all doomed? Or is this about?
Listen to the podcast to hear their thoughts and get tips on how to manage your mortgage and savings – and tell us your thoughts in the reader comments below.
Mortgage rates have soared over the past three weeks in an inflation-driven mini-panic
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