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Fixed rate increases were more prevalent within the mortgage market this week, with only a couple of lenders reducing some deals. There were also a few building societies launching new fixed rate deals onto the market. These movements led to a rise in the overall two- and five-year fixed mortgage rates. Moneyfacts
Building societies are leading the fixed rate mortgage cut as lenders battled it out to woo borrowers. Latest data from Moneyfacts rate watch showed that the majority of lenders lead by building societies have cut rates this week. And these activities have led to the fall of two- and five-year fixed mortgage rates.