{"id":807824,"date":"2026-10-19T18:58:16","date_gmt":"2026-10-19T18:58:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/807824\/"},"modified":"2026-10-19T18:58:16","modified_gmt":"2026-10-19T18:58:16","slug":"mortgage-chaos-as-deals-disappear-in-record-time","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/807824\/","title":{"rendered":"Mortgage chaos as deals disappear in record time"},"content":{"rendered":"<p>Mortgage rates have soared since the start of the year, with the average two-year deal climbing from 4.83pc in early January to 5.93pc today, Moneyfacts figures showed.<\/p>\n<p>Adam French, at Moneyfacts, said borrowers were facing \u201cthe most challenging mortgage market in modern records\u201d.<\/p>\n<p>He said: \u201cNot only have rates been jumping up and down, but the deals available today may not be here tomorrow either.<\/p>\n<p>\u201cPrevious events such as the mini-Budget and the Covid pandemic caused considerable disruption \u2013 but the prolonged nature of the volatility we have seen so far this year stands alone.\u201d<\/p>\n<p>Mr French added that mortgage rate volatility was beginning to harm consumer confidence, with those who had managed to lock in lower deals typically doing so thanks to \u201cluck rather than judgement\u201d.<\/p>\n<p>The Bank of England is <a class=\"ck-custom-link\" href=\"https:\/\/www.telegraph.co.uk\/business\/2026\/09\/25\/bank-of-england-chief-warns-of-interest-rate-rises\/\" rel=\"nofollow noopener\" target=\"_blank\">widely expected to raise rates<\/a> from the current level of 3.75pc, with markets predicting an increase to 4.75 to 5pc by late 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"Mortgage rates have soared since the start of the year, with the average two-year deal climbing from 4.83pc&hellip;\n","protected":false},"author":2,"featured_media":807825,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,1431,814,2222,25949,2295,5438,56,54,55],"class_list":["post-807824","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-inflation","tag-interest-rates","tag-money","tag-mortgages","tag-property","tag-standard","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/807824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=807824"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/807824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/807825"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=807824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=807824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=807824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}