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Mortgage Rates Rise Amid Middle East Tensions | UK News
Description
UK mortgage rates are climbing again, fueled by Middle East tensions that are rattling global energy markets and delaying expected interest rate cuts — putting over five million households at risk of higher monthly payments by 2028. With two-year fixed rates hitting 5.58% and five-year deals at 5.6%, borrowers are feeling the squeeze after a brief reprieve. Lenders are tightening deals, so now’s the time to act — lock in with your current lender or consult a broker to find the best deal before rates climb further.
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