First-time buyers and those looking to remortgage are affected.
The interest rate on a typical two-year fixed rate mortgage has breached 6% for the first time in 14 years.
"Borrowers may well be concerned about the rise to fixed mortgage rates but it is essential they seek advice to assess the deals that are available to them right now," said Rachel Springall from Moneyfacts. They are slowly starting to return - there were 3,961 products a fortnight ago, now there are 2,371 - but have become more expensive on average.
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