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Average fixes rose this week as markets bet that the Bank of England will push its first base rate cut into the second half of the year. The average rate for a two-year fix edged up 4 basis points to 5.87%, while the average three-year fix rose 7 basis points to 5.64%, according to Moneyfacts. The average
Average fixes lifted this week as inflation eased to a less-than-expected 3.2%, which pushed back market bets on the start of Bank of England base rate cuts from late spring into the summer. The average rate for a two-year fix edged up 2 basis points to 5.83%, while the average three-year fix rose 5 basis points to
There has been a little bit more activity in the mortgage market this week compared to the start of April, with a mixture of cuts and increases to selected fixed rates. As Moneyfacts finance expert Rachel Springall points out, the overall two-year fixed mortgage rose marginally, and the overall five-year fixed rate
The vast majority of lenders have made cuts to their fixed rates this week, but the tide is starting to turn due to some lenders increasing rates. Rachel Springall, Finance Expert at Moneyfacts explained “There have also been a few products withdrawn from the market, but not a mass exit. These fluctuations resulted
The rate cut activity was busy this week with several lenders improving their fixed rate deals. As Moneyfacts finance expert Rachel Springall explains these movements led to a fall in the overall average two- and five-year fixed mortgage rates. “Some notable cuts were made by a few of the most prominent brands in the