The average mortgage rate for a five-year fixed deal has risen to 6.01%, according to a financial information company. KayBurley breaks down what we know so far on this story. Read more: 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
The previous average for a five-year rate was 5.97% on Monday, while the two-year deal was 6.42%. A five-year fixed deal is at a high not seen since 21 November - as the market reeled from the botched mini budget under Liz Truss's government.
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