MILLIONS are set for more mortgage misery as interest rates have hit a 15-year high today.
The average rate on a two-year fixed mortgage has increased to 6.66%, the highest its been since 2008.
Figures released by data site MoneyFactsCompare have revealed that the rate has now surpassed the previous peak of 6.65% last October.
This was during the aftermath of the chaotic mini-Budget.
It means that this is the highest rate for a two-year deal in 15 years.