The interest rate on a typical five-year fixed rate mortgage has topped 6% for the first time in 12 years.
The typical deal now has a rate of 6.02%, the financial information service Moneyfacts says, a level not seen since February 2010.
Rates have jumped sharply in the past couple of weeks, and hundreds of mortgage deals have been taken off the market.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kwasi Kwarteng to meet bank bosses as mortgage rates soarMajor lenders are to meet the chancellor as mortgage costs jump and choice is limited.
Read more »
Breast Cancer Awareness Month: improve global diagnostic rates to reduce breast cancer mortality - BMC Series blogBreast Cancer Awareness Month runs for the whole of October and, once again, reveals the severity of this disease, and the huge impact this has on patients’ lives, and sheds light on the urgent need of developing effective global diagnostic measures to reduce healthcare inequalities and promote breast cancer control worldwide. This is well highlighted in a collection of articles curated by BMC Cancer, which showcases some of the latest research on the improvement of breast cancer screening programs and early diagnosis.
Read more »
FiveThirtyEight probability model rates chances of Newcastle beating Brentford and finding success this seasonAhead of Saturday, FiveThirtyEight probability model rates chances of Newcastle United beating Brentford and finding success this season.
Read more »
Belfast residents facing 12.5% rates rise, councillors warnedCouncils across Northern Ireland are facing 'pressures of an estimated £85-90million for the 2022-23 financial year'
Read more »
HSBC cuts fixed rate mortgages for existing customersOne of the lowest rates now being offered by the bank for its current customers is 4.89 per cent for a five-year fixed rate
Read more »
Kwasi Kwarteng's Mini-Budget Did Cause Economic Chaos, Bank Of England ConfirmsThe government has insisted that global factors were responsible for the plummeting pound and soaring interest rates.
Read more »