US EditionHow Trump’s tariffs may accidentally 'help UK buyers by lowering mortgage rates'
- President Trump's tariffs, announced in April 2025, led to an initial drop in swap rates.
- The tariffs, including a 10% baseline on UK exports to the US, raised concerns about global economic slowdown.
- Falling swap rates, reflecting overnight lending costs, often lead to adjustments in fixed-rate mortgage pricing.
- Experts suggest that tariff-induced slower growth might push the Bank of England toward rate cuts; Steve Cox noted five-year swaps at 3.85%.
- Lower mortgage rates could aid UK buyers amid rising costs, though the full impact of tariffs and the Bank of England's response remain uncertain.
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More mortgage deals set to fall below 4% within weeks after Trump tariff blitz
Mortgage lenders are set to drop their rates in the next few weeks after the unveiling of Donald Trump’s tariff plans led traders to expect more interest rate cuts from the Bank of England.More providers are expected to cut rates to below 4 per cent in the coming months, in good news for homeowners and first-time buyers.President Trump’s plans to impose large import taxes on goods sent to the US are set to have a damaging effect on the global ec…
·London, United Kingdom
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Total News Sources16
Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
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C 50%
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