Sky News published this video item, entitled “Banking Rates: Five-year fixed mortgage rate nudges over 6%” – below is their description.
The average five-year fixed mortgage rate has risen above 6%, new figures have revealed.
The last time rates were this high was November 21 last year, following turmoil sparked by the mini-budget in September.
The Financial Conduct Authority (FCA) expects chief executives from HSBC, NatWest, Lloyds, and Barclays to attend on Thursday amid allegations of “blatant profiteering”.
It comes as the Treasury Committee of MPs said it had written to the chief executives to demand that savers are fairly rewarded.
#mortage #savings #skynews
Sky News YouTube Channel
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