UK mortgage rates rise as war on Iran uncertainty hits housing market (opens in new tab)

In the United Kingdom, the war on Iran is contributing to rising mortgage rates, increasing pressure on the housing market—one of the key drivers of the British economy\. The average two-year fixed mortgage rate has risen from 4\.83% at the start of March to 5\.66% now\. Meanwhile, the average five-year fixed-rate mortgage has increased from 4\.95% to 5\.62%\. This rise, combined with wider economic uncertainty linked to the conflict, is also affecting house prices\. Lenders and estate agents...