Average two year fixed mortgage rate surges to highest level in 15 years
The average two-year fixed-rate homeowner mortgage rate has surpassed the levels seen in the aftermath of last autumn’s mini-budget, reaching its highest level in 15 years. The typical two-year fixed-rate residential mortgage on the market reached 6.66% on Tuesday, up from 6.63% on Monday, Moneyfactscompare.co.uk said. The last time two-year rates were higher was in August 2008. On October 20 2022, the average two-year fixed-rate mortgage hit a peak of
