Five-Year Fixed Mortgage Rate Hits 6% Barrier
💡 Why it matters
Rising mortgage rates will squeeze household budgets and cool housing demand further.
The average five-year fixed mortgage rate reached 6% for the first time in three years, driven by rising bond market turmoil and increased lender costs. The two-year fixed rate also climbed to 5.98%, the highest since December 2023.
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📡 Where we spotted it (3)
BBC News
Average five-year mortgage rate hits 6% for first time in three years
8h ago
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The Guardian
Average five-year fixed mortgage rate hits 6% for first time in three years
6h ago
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