The Latest Breaking News from Interest Rates

Housing secretary suggests Canadian-type deals – as Sunak government under pressure to end ‘mortgage horror show’

The Reserve Bank's decision to raise interest rates to a fresh decade high in June was "finely balanced", minutes reveal.

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The SNP have said Westminster is “hammering home owners and first time buyers” after the Bank of England raised interest rates.

Calls for intervention were made as the average two-year fixed-rate mortgage deal topped 6% for the first time this year.

The Resolution Foundation predicts that the Bank of England's base interest rate could peak at nearly 6% by next year - currently, the base interest rate is 4.5%

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years

PM wants banks to offer ‘bespoke support’ – as average two-year fixed-rate mortgage hits 6% and lenders pull deals

A mixture of corporate and consumption taxes would be appropriate, even if it is a solution few people are talking about.

The Levelling Up Secretary adds he does not have a mortgage himself