Mortgage rates creep back up as lenders show caution

Average mortgage rates have risen for the first time month-on-month since February as lenders approach the winter with caution.Following a series of drops in mortgage interest rates, the picture worsened slightly for new and renewing borrowers over the last month, according to financial information service Moneyfacts.The average rate for a two, or five, year fixed rate stands at about 5%, much lower than the peak…