Baytify Global Real Estate

According to Rightmove’s latest mortgage tracker, the average two-year fixed mortgage rate has risen to 5.09%, up from 4.95% last month.

While higher rates may add pressure to monthly repayments, the mortgage market remains competitive, with lenders continuing to compete for borrowers.

There are also signs that rates could move lower if market conditions improve, although this remains uncertain and will depend on lender pricing and wider economic factors.

But don’t just watch the headline rate. Look at the wider mortgage market and the options available to you.

Would higher mortgage rates change your plans to buy? Tell us below.

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