Rates are up, the US turned blue, and Australia’s crashed: How can this impact your mortgage rates?

A rate rise at home, a heavy midterm defeat in the US, and a downturn warning from Australia...

Rob & Rob explain why November's increase barely registered with lenders, and why the price of oil could do more for your mortgage than anything the Bank of England decides.

They also look at why Australia is braced for one of its worst housing crashes on record, and what that contrast says about the UK market.

• (00:46) Interest rates are up to 4%. So why did some lenders cut their mortgage rates?
• (04:51) Has the Bank of England made the right call?
• (07:05) Mid-purchase or remortgaging? What the rise means for the figures you've been quoted
• (07:48) Could a political defeat in the US end up lowering mortgage rates in the UK?
• (10:02) How much of the UK's inflation problem comes down to the price of oil?
• (15:35) One of Australia's biggest banks is calling a 14% fall. Is it just doom-mongering?
• (19:22) The affordability numbers that make London look like a bargain
• (22:54) What a crash down under could tell us about the 18-year property cycle
• (26:06) The “ifs” that need to line up before UK prices pick up again

Links mentioned:

• Bank of England Monetary Policy Summary, November 2026
• Dow surges 1,500 points after Democrats take control of Congress
• CommBank: home prices tipped for record 14% downturn
• Nationwide's House Price Index, October 2026
• Fred Harrison’s recent comments on the 18-year property cycle

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