Mortgage rates increase: Has the price-cutting era ended?

Mortgage rates are on the rise, with lenders like Coventry Building Society and Co-operative Bank increasing prices. Uncertainty in the market due to factors like global unrest and rising swap rates is leading to this trend. Borrowers are advised to consider locking into a deal now, as further rate increases may be on the horizon. The Bank of England's upcoming interest rate decision in November remains uncertain, with differing views among decision-makers. It is recommended to monitor the market closely and secure the best deal rather than waiting and hoping for lower rates. [Extracted from the article]