For the second time in a month Nationwide Building Society has increased mortgage rates across its range.

Earlier this month rates were available from a reasonably competitive 5.85% for a fixed rate deal. Now the lowest rate available is 6.35% (up to 75% loan-to-value), a rise of 0.5%.

Borrowing over 75% loan-to-value now has a minimum rate of 6.55% for a tracker or 6.75% for a fixed rate.

Experts are still speculating about the future of interest rates, house prices and inflation and this is just another indication that things may be far from settled.