{"id":125534,"date":"2026-09-15T15:15:32","date_gmt":"2026-09-15T14:15:32","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=125534"},"modified":"2026-09-15T15:07:59","modified_gmt":"2026-09-15T14:07:59","slug":"mortgage-rates-take-hit-changes-today","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/mortgage-rates-take-hit-changes-today\/","title":{"rendered":"Mortgage Rates Take Another Hit as Nationwide Announces Changes From Today"},"content":{"rendered":"\n<p>The move comes as lenders respond to higher wholesale funding costs linked to movements in swap markets. Brokers say the latest <strong>repricing <\/strong>has created uncertainty for borrowers, while warning that cheaper mortgage deals are becoming harder to find.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nationwide Joins Wider Mortgage Rate Changes Across the Market<\/strong><\/h2>\n\n\n\n<p>Nationwide has increased fixed mortgage rates by up to 0.3% across several parts of its residential mortgage range. The announcement follows rate rises from <strong>HSBC <\/strong>and <strong>Halifax<\/strong>, with brokers describing the pattern as a wider market adjustment rather than an isolated decision by one lender.<\/p>\n\n\n\n<p>According to brokers quoted by <a href=\"https:\/\/newspage.news\/2026\/09\/14\/sub-5-mortgages-to-disappear-as-hsbc-and-halifax-are-latest-to-hike-rates-experts-warn\/\" target=\"_blank\" rel=\"noopener\">Newspage<\/a>, rising swap rates have affected the cost for banks and building societies to provide fixed-rate mortgages. Lenders use these market rates when pricing many fixed deals, meaning changes can appear even without an immediate decision from the Bank of England.<\/p>\n\n\n\n<p><a href=\"https:\/\/uk.linkedin.com\/in\/ranald-mitchell-0b8b8238\" target=\"_blank\" rel=\"noopener\">Ranald Mitchell<\/a>, director of Charwin Mortgages, said the simultaneous moves by Nationwide, HSBC and Halifax showed a clear change in market conditions. He said borrowers should consider their options early, particularly those approaching the end of an existing mortgage deal.<\/p>\n\n\n\n<p>Other brokers highlighted that the impact may be greater for customers with smaller deposits or less equity in their homes. <a href=\"https:\/\/uk.linkedin.com\/in\/stephen-perkins-556a0973\" target=\"_blank\" rel=\"noopener\">Stephen Perkins<\/a>, managing director of Yellow Brick Mortgages, said the direction of mortgage pricing had moved upwards as several lenders adjusted their fixed rates in quick succession.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Mortgage rates are now almost exactly 1% higher than their year-ago levels.<br><br>Last September: 6.13%<br><br>This September: 7.12% <a href=\"https:\/\/t.co\/4vADQ14VSJ\">pic.twitter.com\/4vADQ14VSJ<\/a><\/p>&mdash; Colin Robertson (@mortgagetruth) <a href=\"https:\/\/x.com\/mortgagetruth\/status\/2099522130291671207?ref_src=twsrc%5Etfw\">September 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Experts Debate Whether 6% Mortgages Could Return<\/strong><\/h2>\n\n\n\n<p>The latest increases have prompted discussion among <a href=\"https:\/\/en.econostrum.info\/uk\/nationwide-updates-mortgage-rules\/\" data-type=\"post\" data-id=\"125123\">mortgage <\/a>advisers about the future path of borrowing costs. Some warned that <strong>6% mortgage rates <\/strong>could become more common if inflation remains persistent and market pressures continue, while others said such a scenario is not the central expectation.<\/p>\n\n\n\n<p>According to <a href=\"https:\/\/uk.linkedin.com\/in\/matt-coulson-98a82340\" target=\"_blank\" rel=\"noopener\">Matt Coulson<\/a>, founder of Heron Financial, a return to 6% across the market would depend on inflation concerns and wider economic conditions remaining elevated for a prolonged period. He said a pattern of mortgage rates moving within the four and five per cent range was more likely than a broad return to six per cent.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ehfmortgages.co.uk\/about-us\/\" target=\"_blank\" rel=\"noopener\">Justin Moy<\/a>, managing director of EHF Mortgages, said swap rates continued to put pressure on lenders and encouraged borrowers to be prepared when looking for a new deal. He added that customers should remain in contact with brokers and review available options as market conditions change.<\/p>\n\n\n\n<p>The earlier warnings about sub-5% mortgages also formed part of the wider debate. According to Newspage, brokers had already raised concerns that the cheapest fixed-rate deals could become less available if funding costs continued to put pressure on lenders.<\/p>\n\n\n\n<p>Advisers have urged borrowers not to panic, but to review their circumstances and secure <strong>suitable arrangements <\/strong>where needed. Nationwide\u2019s latest move adds to a period of changing mortgage prices, with lenders continuing to react to developments in financial markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nationwide Building Society has raised rates across a range of fixed mortgage products from Tuesday, following similar moves by HSBC and Halifax. The changes affect first-time buyers, home movers, remortgage customers and existing borrowers looking to switch products or borrow more.<\/p>\n","protected":false},"author":10,"featured_media":125536,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-125534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/125534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=125534"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/125534\/revisions"}],"predecessor-version":[{"id":125537,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/125534\/revisions\/125537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/125536"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=125534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=125534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=125534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}