The cost of borrowing for homeowners has kept on rising inflicting more pain on UK households as lenders continue to reprice offers following the mini-budget.
Average two and five-year fixed mortgage rates are now at their highest levels in over a decade, according to data from moneyfacts.
The average two-year fixed mortgage on the market on Tuesday now has a rate of 6.43%, the highest since August 2008 (just before the collapse of Lehman Brothers in the financial crisis).
The average five-year fixed-rate has risen too, to 6.29%, the highest level since November 2008.
The pace of increases is reflected by the fact that rates only topped 6% last week and were 4.2% at the beginning of the month.
The rise in interest rates is expected to put pressure on UK house prices with analysts forecasting falls of between 5% and 20%.