04/11/2026
🇺🇸 The US midterms – and what do the results mean for us here in the UK? 🇬🇧
I’ve been following US politics quite closely, and I thought it was worth sharing a few thoughts because what happens across the pond can have a much bigger impact on our economy and mortgage market than we sometimes realise. (Although, I think we’ve all become a little more aware of that this year! 😅)
So, let’s talk mortgages…..
The US midterm elections can have a significant impact on the balance of power in Washington.
If control of Congress shifts away from the President’s party, it can make it much harder for the administration to push through its plans on taxation, spending and legislation.
And why should we care about that?
Because financial markets are interconnected.
Changes in US political direction can influence investor confidence, US government bond yields and the value of the dollar. Those movements can then feed into UK gilt yields and, ultimately, the swap rates that help determine the fixed mortgage rates lenders offer here.
It’s all connected!
Of course, it’s not quite as simple as one election result meaning cheaper mortgages.
We’ve still got plenty of factors influencing the UK economy, including inflation, energy prices, ongoing geopolitical tensions in the Middle East and, of course, decisions from our own Bank of England.
So, what’s my prediction?
If I were to take a little gamble, I think we could see mortgage rates remain relatively steady for the rest of the year. 🤞
That doesn’t mean we won’t see some movement or volatility along the way, but I’m hopeful we may be approaching a period of a little more stability.
As always, it’s worth keeping an eye on the bigger picture rather than reacting to every headline.
And if you’re thinking about buying, remortgaging or reviewing your current mortgage, don’t leave it until the last minute.
A little forward planning can make a big difference. 💙
Lindsay
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