Average five-year fixed mortgage rate hits 6% for first time in three years 05. October 2026 (13:39) Banks and building societies raise prices as turmoil in bond markets increases expectations of base rate riseThe average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years, as jitters in the money markets make the loans more expensive for lenders to offer.Figures from financial information provider Moneyfacts show the average is now 6.00%, its highest point since September 2023, while the average two-year fixed rate is not far behind at 5.98%, its highest since December of the same year. Continue reading...(The Guardian)
Euro falls to 17-month low against dollar amid French debt fears 05. October 2026 (13:18) France’s Cac 40 index slides as announcement of snap election in Spain also helps fuel eurozone uncertaintyBusiness live – latest updatesThe euro has slumped to the lowest level against the dollar in 17 months amid growing concern France’s debt position could threaten the stability of the wider single currency bloc.The single currency fell as much as 0.8% against the dollar in early trading on Monday to below $1.12, its lowest level since May 2025, before recovering slightly. It has slumped by about 1.2% this month, accelerating a drop of about eight cents against the greenback from a peak of $1.20 in January. Continue reading...(The Guardian)