Mortgage rates hit 6 per cent for first time in three years

Summarised from 2 outlets · Updated 8 Oct, 13:48 · Archive

Mortgage rates have reached 6 per cent for the first time in three years as sub-5 per cent deals plunge. This marks a significant increase in borrowing costs for homebuyers in the current market.

Buyers also face an additional challenge with an £80,000 gap between different mortgage calculators, creating uncertainty about how much they can borrow and adding to the difficulty of navigating the property market.

Mortgage rates hit 6 per cent for first time in three years — Image: Oxford Mail

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How it is being reported

Mortgage rates hit 6 per cent as £80,000 borrowing gap leaves buyers facing a shockMortgage rates have hit 6% for the first time in three years as sub-5% deals plunge. Buyers also face an £80,000 gap between mortgage calculators.Oxford Mail · 8 Oct, 12:52
Mortgage rates hit 6 per cent as £80,000 borrowing gap leaves buyers facing a shockMortgage rates have hit 6% for the first time in three years as sub-5% deals plunge. Buyers also face an £80,000 gap between mortgage calculators.Oxfordshire Guardian · 8 Oct, 12:52

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