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Evening Standard

Business

Jonathan Prynn

Worry for homeowners as average mortgage rates rise for first time since February

Bank of England Inflation Moneyfacts

Fixed rate mortgage deals have got more expensive month on month for the first time since February in an ominous new trend for homeowners.

Although the increases are small the turnaround marks an unwelcome new direction for the home loans market after rates fell through most of 2025 on anticipation of a succession of rate cuts from the Bank of England.

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