24/10/2026
With 6% mortgage rates now being talked about as the new normal, the housing market is changing fast. The average interest rate on a new five-year mortgage deal hit 6% last week, the highest in three years. If you’re planning to buy, now’s a good time to review your budget, explore options and get clarity on what you can afford. Have a read of this in depth article from the Observer.
Global events have pushed borrowing rates to their highest level in three years, but that doesn’t mean we should expect a 1990s-style crash