The average two-year, fixed-rate, homeowner mortgage rate is close to surpassing the highest levels seen last autumn during the mini-Budget to a 15 year-high, experts have warned.
The typical two-year, fixed-rate residential mortgage on the market reached 6.63 per cent on Monday, financial data analyst website Moneyfacts said, only slightly lower than the 6.65 per cent peak seen on 20 October last year, which followed September’s mini-budget under Liz Truss.
