{
  "id": 15576478,
  "title": "Surging mortgage rates ‘biting harder’ on fragile housing market",
  "url": "https://urgent.news/2026/10/19/surging-mortgage-rates-biting-harder-on-fragile-housing-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T06:59:47.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/surging-mortgage-rates-biting-harder-on-fragile-housing-market/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Rising mortgage rates are starting to “bite harder” on the UK’s fragile housing market by forcing sellers to push down asking prices. The average two-year fixed mortgage rate has risen to 5.55 per cent, up from 5.29 per cent last month and 4.25 per cent since before the war in Iran, according to homes portal [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "UK housing market showing signs of mortgage rates impact",
        "url": "https://urgent.news/2026/10/19/uk-housing-market-showing-signs-of-mortgage-rates-impact",
        "published": "2026-10-19T06:48:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}