Five-year mortgage rates hit 6% for first time in three years

Summarised from 3 outlets · Updated 5 Oct, 10:12 · Archive

Average five-year fixed-rate mortgage rates have reached 6% for the first time in over three years.

Average five-year fixed-rate mortgage rates have hit 6% for the first time in over three years. The cost of new fixed-rate mortgages has been rising in recent weeks as lenders face higher costs.

Two-year fixed deals are reported to be close behind in terms of pricing. The Independent notes that tracker mortgages may present an alternative option for some homeowners.

Five-year mortgage rates hit 6% for first time in three years — Image: This is Money

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How it is being reported

Five-year fixed mortgages break 6% barrier as lenders keep pushing rates higherThis is Money · 5 Oct, 10:54
Average five-year mortgage rate hits 6% for first time in three yearsBBC Business · 5 Oct, 10:02
Blow to homeowners as five-year mortgages hit 6% for first time in over three yearsThe Independent · 5 Oct, 09:53

In this story: The Independent · BBC Business

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem