If the Bank of England Held Rates at 3.75%, Why Are Mortgage Rates Going Up?

If the Bank of England base rate has stayed at 3.75%, why can fixed mortgage rates still increase? In this video, I explain why mortgage pricing does not simply follow the base rate, including the role of market expectations, swap rates, lender funding costs and competition between lenders.

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Bank of England Base Rate Explained: What It Means for Your Mortgage