Mortgage rates: Average two-year fix now above 6%

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It is the first time since December that the rate has been as high as 6%, driving up costs for homeowners….

More than 400,000 people will see their existing fixed deals end between July and September, a comparatively high number. Many face the prospect of having to budget for monthly repayments that are hundreds of pounds more expensive than they have become accustomed to.

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