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Varyag | 3 years ago

Title reads like all banks have ceased trading mortgages, which is ludicrous. here's a BBC article with a more reasonable title: https://www.bbc.co.uk/news/business-63041679

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dazc|3 years ago

A more reasonable title but also no mention of the fact that currencies elswhere are also under pressure.

shapefrog|3 years ago

> no mention of the fact that currencies elswhere are also under pressure

Apparently other currencies under pressure is a sign of

https://www.express.co.uk/news/world/1653931/eu-news-euro-cu...

Last month, the Euro fell to parity against the US dollar last month for the first time in more than 20 years. It has bounced back to €1.03 but is still massively short of the €1.18 hit nearly a year ago.

Eric Noirez, a prominent EU critic and member of the Generation Frexit campaign in France, told Express.co.uk: "The Euro is a system that has reached the end of its tether.

Their policy has consisted of massive monetary creation, and this in a totally unreasonable way ... it will lead to eurozone collapse ... The recession is obvious ... the biggest financial crisis in its history ... An absolute madness!

But when the UK currency is selling off ... https://www.express.co.uk/news/politics/1674629/Liz-Truss-cr...

Presumably all those woke traitor hedge fund managers are to blame.

'They don't believe in Britain!' Tory chairman says tax cut critics are like Remainers New Conservative chairman Jake Berry has given his first interview since being appointed 20 days ago with a broadside at the people who "don't believe in Britain".

happymellon|3 years ago

Because that would be whataboutism. There is currently inflation which is being stoked by the current government who is also making statements which don't add up that then makes financial institutions nervous.

Mortgage rates jumping from 1.5% to 6% in one year is quite a lot regardless of other people's problems. Freezing new mortgage offers during a very volatile period is understandable and also concerning.