Mortgage rates creeping up

Mortgage rates are starting to creep up and the choice of fixed-rate and variable deals is shrinking, according to Moneyfacts.co.uk. The website said that following historic lows reached last month, average rates are starting to increase. Average two- and five-year fixed rates across all deposit sizes have increased by 0.09 percentage points since the start of July, to stand at 2.0% and 2.34%, while low deposit loans have seen more significant rate increases.

The Independent (10/08/2020)   Yorkshire Post (10/08/2020)