Today's read
The rates lenders use to price fixed deals moved up on Wednesday. A typical 2-year fixed deal now works out at 4.46% (+0.09 on the previous day) and a 5-year deal at 4.35%.
On a £200,000 repayment mortgage over 25 years, the 2-year deal works out at about £1,107 a month, £10 a month more than the day before. The 5-year deal is about £1,095 a month.
The Bank of England rate is 3.75%. Markets expect no change at the next decision on 17 September, and see it topping out at about 4.50% around April 2027.
Bigger picture, the typical 2-year deal is up 0.06% over the past week and up 0.27% over the past month.
Lenders usually take a few days to pass a move like this into the deals they actually offer, so today's best buys may not reflect it yet.
Generated from market prices, not opinion. "Typical" means someone borrowing 75% of their home's value. What the market expects today is not a prediction and not advice.
See what this means for my mortgage →What moved the market
- 07:28An empty home diary means whatever happens today will again come from somewhere else.
- 16:20The shape has changed too: this leg is landing on longer loans, where the earlier one landed on short ones.
Plain-language notes from the day's market commentary. Times are UK.
Other days
- Tuesday 15 September 2-yr 4.64% unchanged
- Monday 14 September 2-yr 4.65% ▲ 0.06%
- Friday 11 September 2-yr 4.59% ▼ 0.05%
- Thursday 10 September 2-yr 4.64% ▲ 0.18%
- Tuesday 8 September 2-yr 4.37% ▲ 0.01%
- Monday 7 September 2-yr 4.36% ▲ 0.04%