The average cost of a two-year fixed rate home loan jumps above 6% The average two-year fixed mortgage rates for residential property buyers in the UK hit 6.01% on Monday, sending the key borrowing metric for the housing market to its highest level since December 2022. According to real estate information provider Moneyfacts, the rate stood at 5.98% on Friday. The rate of a five-year home loan has risen from 5.62% to 5.67%. The surge has sent the number of available residential mortgage deals plummeting. The data shows that there were 4,683 products available on Monday, down from 4,923 recorded on Friday. Mortgage
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