Mortgage rates rocket but savings rates barely move after May’s inflation shock

Mortgage rates have skyrocketed in recent weeks after the UK’s most recent inflation reading sent rate expectations soaring, but savings rates have lagged behind.  According to data from Moneyfacts, rates on a two-year fixed rate have jumped from 5.34 per cent on 24 May to 5.75 today.  Similarly, interest rates on a five-year fixed rate [...]