A spike in mortgage rates triggered by the Iran war may be reaching its peak, experts say. The cost of new fixed rate home loans have jumped on the back of fears of a pick-up in inflation caused by a fall-out from the conflict. The jump has hit hundreds of thousands of borrowers taking out a new mortgage or coming off cheaper deals and having to remortgage. Industry experts Moneyfacts says the average two-year fix has risen from 4.83% at the start of March to 5.90% now, it’s highest since July

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