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Daily Mirror

Business

Zahra Khaliq

Mortgage rates hit highest level in 14 years - surging past 6% in blow for buyers

Moneyfacts Budget Mini Halifax Nationwide NatWest

The average two-year fixed-rate mortgage has gone above 6% for the first time since 2008 - in another blow for property buyers.

A year ago, homeowners would pay 1% to 3% for the same deal, according to the latest figures from Moneyfacts.

The typical two-year fix stood at 6.07% on Wednesday - up from 5.97% on Tuesday.

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One subscription that gives you access to news from hundreds of sites

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