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Evening Standard
Evening Standard
Business
Vicky Shaw

Mortgage rates continue to climb above six per cent as choice of products improves

Moneyfacts

Fixed mortgage rates continue to climb above six per cent

(Picture: PA Archive)

Average fixed mortgage rates are continuing to climb, pushing up costs for borrowers.

Earlier this week, the average two-year fixed-rate deal topped six per cent for the first time in 14 years and the average five-year fixed rate hit six per cent for the first time in 12 years, according to data from Moneyfacts.co.uk.

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