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Rishi Sunak rules out extra mortgage help, as average two-year fixed rate hit 6% – business live

Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years

Lenders have been ‘scrambling’ to raise mortgage rates over the last month, says ITV’s Joel Hills, after UK inflation failed to fall as much as hoped in April.

Newsflash: the average rate on a two-year fixed rate mortgage has risen over 6%, for the first time in six months.

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