All average headline mortgage fixed rates rose again this week, according to data from Moneyfacts. The average rate for a two-year fix lifted by 2 basis points, to 2.98%, while the average rate for a three-year fix was up by 3 basis points rise taking it to 2.96%. Over longer terms, a 10-year fix jumped by 21 basis
This is Money looks at the ways homeowners and landlords might mitigate rising mortgage rates, and attempts to answer some of the common questions we are being asked.
Most average fixed rates rose this week, new data from Moneyfacts shows. The average rate for a two-year fix went up by 5 basis points, to 2.75%, and the average rate for a three-year fix ticked up by 2 basis points, to 2.76%. Meanwhile, the average rate for a five-year fix increased by 3 basis points, to 2.94%, and
The average rates for two-, three-, and five-year fixes all moved up this week while the price for a 10-year fix dropped slightly. The average rate for a two-year fix ticked up by 1 basis point to 2.44%, and the average rate for a three- and five-year fix went up 2 basis points apiece, to 2.49% and 2.71%,
The average 10-year fixed rate rose most significantly this week, shows Moneyfacts data. From Monday to Friday, it rose 2 basis points, from 2.99% to 3.01% The average two-year fix was static at 2.37% as was the average five-year fix, which stayed at 2.66% throughout the week. Meanwhile, the average rate for a