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UK mortgage rate rise

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Earlier report Filed 6 Oct, 06:42 UTC UK Five-Year Fixed Mortgage Rate Hits 6% The average UK five-year fixed mortgage rate has reached 6% for the first time in three years, according to figures cited by the Guardian. Lenders have raised prices as bond market turmoil increases expectations of a base rate rise, making the loans more expensive to offer. The BBC notes that new fixed-rate mortgage costs have been rising in recent weeks as lenders face higher costs. Business · 2 sources