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Economics

UK government pays highest interest rate on 10-year debt since 1999 at bond auction – as it happened

September 29, 2026 Guardian Economics 1 min read
Guardian Economics · Leans Left
UK government pays highest interest rate on 10-year debt since 1999 at bond auction – as it happened

Rolling coverage of the latest economic and financial news

Newsflash: the number of mortgages approved by UK lenders has fallen to its lowest level since the end of 2023.

Just 54,918 new home loans were approved in August on a seasonally-adjusted basis, new Bank of England data shows, as rising borrowing costs deterred potential home buyers.

The average 2-year fixed residential mortgage rate today is 5.93%. This is up from 5.91% the previous working day.

The average 5-year fixed residential mortgage rate today is 5.94%. This is up from 5.93% the previous working day.

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Source: Guardian Economics

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