Banks and building societies raise prices as turmoil in bond markets increases expectations of base rate rise The average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years, as jitters in the money markets make the loans more expensive for lenders to…
Back to Business
Business
October 5, 2026 at 11:39 AM
Average five-year fixed mortgage rate hits 6% for first time in three years
The Guardian Business
Excerpt from The Guardian Business.