Average five-year mortgage drops to lowest level in two years
Source: BBC
Average UK mortgage rates have fallen, with the five-year fixed rate mortgage dropping below 5% for the first time since 3 May 2023, according Moneyfacts.The average five-year fixed rate hit 4.99% on Thursday, falling from 5% a day earlier.Meanwhile, the average two-year fixed rate mortgage dropped to 4.97%, down from 4.98% the previous working day.Adam French, head of news at Moneyfactscompare.co.uk, said the…
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