Author: BBC

Barclays said it had increased “most, but not all rates” this week. The rate for a two-year fixed deal with a maximum loan of £570,000 is up to 5.76% from 5.66% last week, while the equivalent five-year fixed rate is up to 5.00% from 4.90%.Leeds Building Society also upped its rates for some products. Two-year and five-year fixed rates rose from 4.39% to 4.54% and 4.54% to 4.69%. According to financial information company Moneyfacts, the average two-year fixed mortgage rate was 5.83% on Tuesday, up slightly from 5.82% the day before, while the average five-year rate was unchanged at 5.40%.…

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Oil prices have fallen after they spiked in the wake of Israel’s retaliatory attack on Iran last week. Caroline Bain, chief commodities economist at Capital Economics, said: “Given that there will be some lag between spot crude oil prices in financial markets and prices on the forecourt, the latest rise is perhaps not so surprising.” Source link

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