Louise Cooper on mortgages, bond markets and base rates
An "era of cheap mortgages is slowly coming to an end" and so is the "cheap money" enjoyed in recent years in the UK, the US and the eurozone, said financial commentator Louise Cooper.
She was explaining the significance of the changes in the bond market as 10-year UK bond yields have reached 2.56% - which is up by a third in a month
And she reckoned that could lead to a base rate rise - affecting many mortgages for British families in the coming 12 months.
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