BREAKING: One million households could see their monthly mortgage repayments increase by £500 or more, according to the Bank of England Financial Stability Report. But, EdConwaySky says there are some reassuring aspects. More here: 📺 Sky 501/ YouTube
The findings from the Bank's Financial Stability Report underline the scale of pressure facing households as the bank raises interest rates in an effort to bring inflation under control.
The average rate on two-year fixed rate mortgages has now exceeded the 6.66% per cent peak it hit after the mini-budget.What is happening to mortgage rates?
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