Fixed mortgage rate at 2008 high after exceeding mini-budget peak

Fixed mortgage rate reaches highest level since 2022 mini-budget

There have been claims that some lenders across the sector have deliberately raised rates to make them uncompetitive because of struggles juggling high volumes of customer enquiries in the evolving market.

Ahead of Tuesday morning's hearing, the MPs said areas of discussion were likely to include levels of mortgage stress, the impact on house prices and the wider housing market, and mortgage affordability and availability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNews /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mortgage rates hit fifteen year high, passing peak they reached after Truss mini budget fiasco🔴 Mortgage rates have surpassed the level they reached after the fallout from the mini-Budget last October, as the home loan crisis continues to deepen
Read more »

Mortgage rates soar to cusp of mini-budget peakLenders will be questioned in front of MPs on Tuesday as homeowners face higher monthly payments.
Read more »

Mortgage rates soar to cusp of mini-budget peakIf the average two-year rate rises above 6.65% it will be the highest since 2008, according to financial information service Moneyfacts.
Read more »

Mortgage crisis: How to negotiate the housing minefieldAs the mortgage crisis continues, HeatherL_Star and MattPanterMedia take a look at how to navigate the housing world.
Read more »

Homeowners rush to sign new mortgage deals on UK rate rise fears\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »

Major mortgage rule shake up from TODAY - how it affects youA MAJOR mortgage rule shake up means millions of borrowers can apply for breathing space on their loans from today. The new rule lets you temporarily switch your mortgage to interest-only, or exten…
Read more »