Mortgage rates: Average five-year fix rises above 6%
Homeowners face higher costs as the rates for both two- and five-year fixed deals are now above 6%. …
The Bank of England’s base interest rate is a key influence on mortgage rates. Expectations that the Bank could continue to raise rates, and that they will stay higher for longer, have been reflected in the funding cost of mortgages, hitting new borrowers, and those trying to re-mortgage.
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