Mortgage rates inch higher in recent months

Typical mortgage rates increased between January and June this year according to Moneyfacts, despite headline-grabbing 0.99% deals coming to the market. Ten-year fixes saw the biggest rate rise, increasing from 2.85% to 2.98%. While rates could come down, Moneyfacts experts say taking a longer fix now could be a good hedge against future volatility in the aftermath of the pandemic. Since the beginning of this year, the interest rate has gone up on the typical two, five and 10 year fixed mortgage, according to finance experts at Moneyfacts.

Daily Mail (01/06/2021)