Average mortgage rates have moved higher compared to last week as future homeowners struggle to find a decent mortgage rate.
The average rate on a two-year fixed deal this week stood at 5.79, higher than the previous 5.74%, while rates for a five-year deal came in at 5.31%, above last week’s 5.24%, according to figures from Uswitch.
Anxiety has set in among UK mortgage lenders, with rates being hiked left, right and centre, amid uncertainty about how the Bank of England‘s (BoE) interest rate path will play out.
This…
