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Evening Standard
Evening Standard
Vicky Shaw

Mortgage rate hikes in July ‘wiped out improvements seen in previous month’

A wave of mortgage rate hikes in July wiped out reductions seen the previous month, according to analysis of average rates on the market.

The average new mortgage rate at the start of August was 5.59% – 0.12 percentage points higher than at the start of July – Moneyfacts said.

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