Mmastodon BusinessEconomy first seen 18 h ago, last 9 h ago, peak #5
Average five-year mortgage rate hits 6% for first time in three years
Original: Average five-year mortgage rate hits 6% for first time in three years https://www.bbc.co.uk/news/articles/c8r4yxpry5e9o?
The average five-year fixed mortgage rate has climbed to 6%, its highest level in three years. The rise adds pressure on homeowners and buyers already facing high housing costs, and renews debate over interest rates, affordability and the state of the UK housing market as borrowing costs continue to bite.
Why now: Rising borrowing costs directly affect homeowners and buyers, making mortgage rates a hot topic
United Kingdommortgage marketBank of England
Evidence
- Average five-year mortgage rate hits 6% for first time in three years https://www.bbc.co.uk/news/articles/c8r4yxpry5e9o?at_medium=RSS&at_campaign=rss # Finance # Economy # Housing · bbc_news@robot.villas · 3
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