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Fixed Rate Mortgage Break 7% Barrier

Fixed rate mortgages available on the market today breaks the 7% barrier and stands at 7.02%. Anyone looking for a fixed rate mortgage for five years is also paying the price as the average rate on offer now increased to 6.82%.

Fixed Rate Mortgages Reaches 10 Year High

Moneyfacts.co.uk shows that the average two year fixed rate mortgage stands at 6.75%, the highest rate we have seen in the last 10 years.

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