Long-term mortgage rates increasing - study

Figures suggest ten-year fixed rate deals have gone up by an average of 0.04% over the last month - from 5.74% to 5.78% - while two-year fixes have gone from an average rate of 4.61% to 4.64%. Borrowers with an LTV of over 85% have been the worst affected with ten-year fixed rates at 85% increasing 0.2%, while two-year fixed deals at 90% LTV have gone up 0.12%. Michelle Slade, analyst at Moneyfacts, says borrowers hoping to take advantage of this period of low interest rates and lock into a long-term fixed arrangement were going to be disappointed. "In the last few weeks, swap rates f...