Mortgage rates rise despite interest rate cut

Getty ImagesMortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates.A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days.That has created a headache for borrowers hoping costs were on a consistent downward trend, especially in light of the Bank of England…