Homeowners are being urged to do one thing to protect their finances as hundreds of mortgage deals are pulled from the market. Mortgage rates have been rising amid changing market expectations sparked by the US-Israeli war with Iran. According to financial information website Moneyfacts, the average two-year fixed-rate homeowner mortgage on the market has risen from 4.83% at the start of March to 5.35%. The average five-year fixed homeowner mortgage rate has risen from 4.95% at the start of March to 5.39%. Mark Harris from mortgage broker SPF Private Clients told The Times borrowers should take action and secure a rate now if they are going to need a mortgage in the next six months. Adam French, Head of Consumer Finance at Moneyfacts, said the swap rates that underpin mortgage pricing have risen sharply following the Bank of England’s decision to hold the base rate at 3.75%. He said markets have been interpreting comments from the Bank as leaving the door open to rate rises amid “Trumpflation” fears. Mr French added: “With two and five-year …