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Banking Rates: Five-year fixed mortgage rate nudges over 6%
Posted
July 4, 2023
Views
12,063
Likes
37
Comments
27
Engagement
0.53%
July 4, 2023
12,063
37
27
0.53%
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3:44Now PlayingThe average five-year fixed mortgage rate has risen above 6%, new figures have revealed.
The last time rates were this high was November 21 last year, following turmoil sparked by the mini-budget in September.
Major banks have been summoned to a meeting with the Financial Conduct Authority (FCA) to discuss concerns surrounding interest rates for savers lagging behind the rising cost of mortgages.
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#mortage #savings #skynews
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