Average two and five-year fixed mortgage rates continue to climb above 6%
The IndependentSign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average two and five-year fixed mortgage rates are continuing to climb above 6%, according to analysis. Mortgage products are starting to return after lenders temporarily withdrew deals amid interest rate uncertainty Rachel Springall, Moneyfacts.co.uk Five-year fixed mortgage rates hit 6% last week for the first time since 2010. Rachel Springall, a finance expert at Moneyfacts.co.uk, said: “Mortgage interest rates are continuing to rise, so borrowers comparing fixed deals would be wise to seek advice to see what options are available to them. “Mortgage products are starting to return after lenders temporarily withdrew deals amid interest rate uncertainty, but there is still much more room for improvement compared to the level of choice seen before the mini-budget.