The above graph shows how the two-year fixed mortgage interest rates have tracked for the main banks this year to date.
The two-year rate has risen on average 125 basis points since February/March and is now at or higher than at the begining of 2009. In saying this the biggest increase overall to interest rates this year was to the five-year fixed which has risen by over 200 basis points. At the other end of the scale the biggest drop in interest rate was to the floating rate, which on average has gone down 90 basis points.
