BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
Why are mortgages so high?
Rising yields on ten-year gilts mean the UK government has to pay more to borrow money. This often pushes up interest rates across the board, including for mortgages and other loans. Lenders pass on these higher borrowing costs to you, making it more expensive to buy a home or borrow money.
Stories that explain this
London stocks drop to two-week low despite drugmaker's US winRelated explainers
What are gilts? Why are my savings shrinking? Why are oil prices rising? Why is AI spending so high? Why are bills so high? Why are borrowing costs high? What causes high blood pressure? Commercial high altitude guidingThe full catalogue
Browse every card filed under M →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.