Business · 17 March 2026
Lenders raise 2-year fixed mortgage rate from 4.83% to 5.28%.
Photo by Jakub Żerdzicki on Unsplash
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%.
Reported by BBC · How we write briefs