Business · 17 March 2026

Lenders raise 2-year fixed mortgage rate from 4.83% to 5.28%.

People now face higher payments for new mortgages, making future financial planning more difficult. New data from Moneyfacts indicates typical mortgage costs rose after lenders increased rates and removed deals following US-Israel action against Iran in late February. The average two-year fixed rate went from 4.83% in early March to 5.28%.

By BriefTea Editorial · 17 March 2026 at 12:40

Reported by BBC · How we write briefs

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