The costs of borrowing are now at their highest level since August 2008 during the global financial crisis, data has shown A key mortgage rate in the UK surged to its highest level in fifteen years this week, exceeding the rate reached in the aftermath of a September “mini-budget” crisis, according to figures from data provider Moneyfacts. The average two-year fixed residential mortgage rate jumped to 6.66% on Tuesday, narrowly exceeding the 6.65% touched last October. Mortgage costs in Britain are now at their highest since August 2008 during the financial crisis, when rates stood at 6.94%. The British housing ma
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