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Several factors contribute to this rise:
For borrowers, this uptick means higher monthly repayments and overall loan costs. To mitigate the impact, consumers should:
Staying informed about economic trends and understanding their implications can empower consumers to make prudent financial decisions in a fluctuating market.
Published:Wednesday, 25th Mar 2026
Author: Paige Estritori
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An agreement between a borrower and a lender that allows the borrower to lock in the interest rate on a mortgage for a specified time period.
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