Average mortgage rates have fallen for the first time in months
Both two and five-year fixed-rate deals have dropped according to data from the financial information company Moneyfacts.The average rate on a two-year fixed deal is now 6.49%, with a five-year rate at 5.99%. The majority of UK mortgage holders are on fixed-rate deals, and with more than 400,000 people expected to move off existing fixed deals in the coming months
January 2, 2024