Five-year fixed mortgage rate warning as 750,000 households face 'huge shock'

A warning has been issued about five‑year fixed mortgage rates, with 750,000 households expected to experience a huge shock, as lenders signal higher costs and borrowers brace for increased repayments. The alert underscores the scale of the challenge for the housing market, noting that many families may struggle to meet mortgage obligations and that the broader economy could feel the pressure.