Rolling coverage of the latest economic and financial news Mortgage rates in the UK have risen this morning. Moneyfacts has reported that the average rate of two and five-year mortgages are both higher than on Monday. The average 2-year fixed residential mortgage rate today is 5.
Source: [Guardian International](https://www.theguardian.com/business/live/2026/jul/28/ai-sell-off-chip-stocks-slump-market-south-korea-japan-economy-latest-news)