Markets & Economy

Average five-year mortgage rate hits 6% for first time in three years

AdminOct 5, 2026 • 3 min read

The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.

Major Developments: Full report coverage published by BBC Business.

Market Impact: Important key updates regarding this story.

Read the full original news report on BBC Business.

Average five-year mortgage rate hits 6% for first time in three years