Moneyfacts<\/a> said on Thursday morning that average two and five-year fixed homeowner mortgage rates on the market had edged up compared with the previous day.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/3c971c3d15aa88188504da846af49b73Y29udGVudHNlYXJjaGFwaSwxNzcyODA4OTQ0-2.72726737.jpg\")
<\/p>\n
open image in gallery<\/p>\n
The changes follow increases in swap rates, which are used by lenders to price mortgages (Peter Byrne\/PA)<\/p>\n
The average two-year fixed-rate homeowner mortgage rate on Thursday morning was 4.83%, up from 4.82% on Wednesday.<\/p>\n
The average five-year fixed-rate homeowner mortgage rate on Thursday morning was 4.95%, up from 4.94% on Wednesday.<\/p>\n
On Wednesday, Moneyfacts said some lenders had already pushed pause on planned mortgage rate cuts, amid wider economic and global uncertainties as the conflict in the Middle East unfolds.<\/p>\n
The website said it was aware that some lenders, which it did not name, had already reconsidered planned rate reductions.<\/p>\n
Adam French, head of consumer finance at Moneyfacts, said previously: \u201cSome lenders have already paused or reconsidered planned rate reductions.<\/p>\n
\u201cBecause fixed mortgage pricing is closely linked to swap rates, this sudden market movement risks halting the recent momentum towards lower mortgage rates just as borrower confidence had begun to build ahead of an anticipated rate cut.<\/p>\n
\u201cIt serves as a stark reminder that mortgage costs are not driven solely by domestic policy decisions.<\/p>\n
\u201cGlobal geopolitical events move markets, markets move swap rates, and swap rates ultimately shape the deals available to borrowers \u2013 all while the world watches deeply troubling events unfold.\u201d<\/p>\n
![\"Financial](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/iStock-2195313905.jpeg\")
<\/p>\n
open image in gallery<\/p>\n
Financial information website Moneyfacts said on Thursday morning that average two and five-year fixed homeowner mortgage rates on the market had edged up compared with the previous day (Getty\/iStock)<\/p>\n
Nicholas Mendes, mortgage technical manager at John Charcol said: \u201cFrom a mortgage perspective the key thing for borrowers right now is that periods of geopolitical tension tend to feed quickly into financial markets.<\/p>\n
\u201cWe\u2019ve already seen that with swap rates moving as markets reassess inflation risks and the likely path of Bank of England interest rates.<\/p>\n
\u201cThose swaps underpin fixed mortgage pricing, so when they move it can influence the direction of mortgage rates.\u201d<\/p>\n
He added: \u201cPeriods of market volatility can lead to lenders adjusting pricing quickly, so borrowers who are approaching a purchase or remortgage may want to keep a close eye on rates.<\/p>\n
\u201cSecuring a rate early can provide a degree of protection because most lenders allow borrowers to switch to a lower rate before completion if pricing improves.<\/p>\n
\u201cThat flexibility means many borrowers choose to lock something in while keeping their options open.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The…\n","protected":false},"author":2,"featured_media":460305,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-460304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/460304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=460304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/460304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/460305"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=460304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=460304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=460304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"HSBC](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/7ed33559b02e712ff0e2f808a511dd08Y29udGVudHNlYXJjaGFwaSwxNzcyODA3NDI2-2.29850624.jpg\")
<\/p>\n![\"Trading](\"https:\/\/static.independent.co.uk\/static-assets\/images\/mobile-stores\/Trading_212.svg\")
<\/p>\n