A typical two-year fixed rate deal has breached the 6% mark for the first time since November 2008.
The interest rate on a typical two-year fixed rate mortgage has breached 6% for the first time in 14 years.
Mortgage rates have been going up for months, but recorded a sharp increase in response to the fall-out from the mini-budget nearly two weeks ago.An average of at least 100,000 people a month are coming to the end of their current mortgage, and face a significant rise in their monthly repayments.
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