What does the interest rate rise mean and how will it impact mortgages?

What does the interest rate rise mean and how will it impact mortgages?

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The Bank of England has announced that interest rates are going up to 3%, the highest in 14 years.
It’s not a surprise as the rate has only been going in one direction for eight months but the sharp jump is significant. 
The move amounts to the biggest single rise since the 1980s – and…

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