economy United Kingdom
Average five-year mortgage rate reaches 6%
6%
The average five-year fixed mortgage rate is 6.00%.
The average UK five-year fixed mortgage rate has reached 6%, its highest level since September 2023. The number of fixed-rate deals below 5% has also fallen sharply, increasing pressure on borrowers.
1 sourceThe GuardianUpdated
Claims
Support what holds up. Dispute what doesn't.
- 6%
The average five-year fixed mortgage rate is 6.00%.
“the average is now 6.00%”
The average five-year fixed mortgage rate is at its highest point since September 2023.
“its highest point since September 2023”
- 5.98%
The average two-year fixed mortgage rate is 5.98%.
“the average two-year fixed rate is not far behind at 5.98%”