Claims extracted
14
sentences that state something as happening or true
Uncertain
21%
3 of 14 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Fixed mortgage rates are already being pushed higher, ahead of the Bank of England base rate decision later this week, according to a financial information website.
uncertain
rates → fix → website
On Tuesday, the average two-year fixed homeowner mortgage rate on the market was sitting at its highest level since May 28, while the average five-year fix was at its highest since April 12, Moneyfacts said.
uncertain
Moneyfacts → fix → April
It said the average two-year fixed residential mortgage rate on the market on Tuesday was 5.73%, up from 5.68% on Monday.
asserted
rate → say → Monday
The average five-year fixed residential mortgage rate on Tuesday was 5.78%, up from 5.73% on Monday.
asserted
rate → fix → Monday
The next Bank of England base rate decision will be released on Thursday.
asserted
decision → release → Thursday
The rate, which currently sits at 3.75%, is expected by some finance commentators to remain unchanged on Thursday, although they have also pointed to the potential for inflationary pressures to prompt rates to increase in the months ahead.
asserted
pressures → sit → months
Moneyfacts said some lenders have made mortgage rate hikes twice in September, amid higher swap rates, which are used to price mortgages.
asserted
which → say → mortgages
The choice of products has also reduced, with 7,426 homeowner mortgage products on the market counted by Moneyfacts on Tuesday, down from 7,458 on Monday.
asserted
products → reduce → Monday
Rachel Springall, a finance expert at Moneyfactscompare.co.uk, said: “A second wave of mortgage rate hikes has begun from the major banks in reaction to growing concerns surrounding inflationary pressures.”
asserted
wave → say → pressures
She added: “It is highly likely other lenders will follow suit to adjust rates, and with some deals withdrawn from the market, it is expected any returning deals could well be priced higher.”
uncertain
deals → add → market
Ms Springall said the moves demonstrate “how fixed mortgage rates are not intrinsically linked to adjustments to the Bank of England base rate”.
asserted
rates → say → rate
Read More
She said that, despite a base rate hold being expected this week: “The mortgage pain shows no sign of easing for those borrowers who cannot yet lock into a new deal, particularly those with a five-year fixed who are not due to refinance until 2027.
asserted
who → read → 2027
“Back in February 2022, there were sub-2% fixed mortgages available, so moving off this rate will be a huge shock for borrowers.
asserted
moving → be → borrowers
“In the meantime, it is vital that lenders and brokers help customers understand the implications of ending their deal early, such as the early repayment charges.”
asserted
customers → help → charges
The Aporia
