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New mortgages blow as fixed rates top 6%
Evening Standard
|July 04, 2023
FRESH PAIN FOR HOMEOWNERS AS DEALS RISE AGAIN
HOMEOWNERS were dealt another huge blow today when the average cost of a five-year fixed rate mortgage rose above the six per cent mark for the first time since November.
Latest data from analysts Moneyfacts show the average five-year fixed rate up from 5.97 per cent to 6.01 per cent.
Meanwhile the average two-year rate was on the brink of surging past the 6.5 per cent barrier after rising from 6.42 per cent to 6.47 per cent.
The ever-increasing cost of fixed rate products will hit thousands of homeowners a day as their existing deals expire and they are forced to remortgage with far more expensive finance.
Bu hikaye Evening Standard dergisinin July 04, 2023 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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