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LATEST NEWS & EVENTS Fixed mortgages rates hit 6-month high  Residential property conveyancing is experiencing a six-month high in the cost of fixed-rate mortgages, it is claimed. Mortgages are continuing to rise as a result of lenders passing on the higher costs of funding to borrowers, according to Moneyfacts. The firm notes that the majority of lenders have increased rates since the beginning of the year, with some deals experiencing rises of more than half a per cent. Michelle Slade, a spokesperson at the company, noted that borrowers who have delayed the decision to move to a new deal will face higher rates. "With no signs of swap rates starting to fall, the likelihood is that mortgage rates will rise further," she added. "While the rise in swap rates is a headache for borrowers, it's providing a boost for savers." She went on to say that with reports suggesting that a rise in interest rates is likely, borrowers should look to fixing their mortgage payments "sooner rather than later". The news comes as Halifax reports that house prices have fallen by 0.7 per cent over the last three months. Posted by Gaby Hamerton 
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