Jump to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleVicky ShawMonday 07 September 2026 14:06 BSTWhat steps can homeowners worried about mortgage rate rises consider?Average UK fixed mortgage rates have climbed to their highest levels in months as lenders adjust to shifting market conditions.Figures from Moneyfacts show the average two-year fixed rate rose to 5.63 per cent, while the average five-year fixed rate increased to 5.68 per cent.Finance expert Rachel Springall attributed the adjustments to volatility in swap rates driven by inflationary concerns stemming from the Middle East conflict.Mortgage technical manager Nicholas Mendes warned that further selective rate increases are likely as lenders catch up with wholesale market changes.Lloyds reported a 0.4 per cent annual drop in average UK house prices in August, marking the first year-on-year decrease since November 2023.In fullFixed mortgage rates jump with ‘more moves expected in coming days’More bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in