Barclays, Halifax, HSBC and TSB raise fixed rates by up to 20bps as swaps climb back above 4%

Barclays, Halifax, HSBC and TSB all raised fixed mortgage rates by up to 20bps from 21 July, with Halifax lifting every two-, three- and five-year fix for movers and first-time buyers. Lenders price off swap rates, and two-year swaps have drifted from around 3.98% to 4.18% over the month as Middle East tension unsettles funding markets. For buyers, the sub-4% deals that briefly reappeared this month are largely gone, so anyone mid-application should weigh locking a rate sooner. This is repricing catching up with funding costs, not a Bank Rate move.