How does inflation affect mortgage rates? The expert take

We’re all feeling the pinch of rising prices. You only have to look at the price of your food shop or your energy bill to see the impact of inflation on your household spending – but how does inflation affect mortgage rates?

While inflation fell to 9.9% in the year to August, it rose again to  10.1% in the 12 months to September according to the Office for National Statistics (opens in new tab). It is expected to peak at 11% and then begin to fall in early 2023, according to the Bank of England. 

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