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Average five-year fixed mortgage rate hits 6% for first time in three years

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The average five-year fixed-rate mortgage has reached 6% for the first time in three years, according to Moneyfacts. The average two-year deal is also close to 6%, as bond market turmoil raises expectations of a base rate rise and makes loans more expensive for lenders.

AI summary · Original reporting is linked alongside
Average five-year fixed mortgage rate hits 6% for first time in three years
Photo: Evening Standard

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