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Banks racing to the bottom on mortgages rates

Weekly rate watch: Two- and three-year fixes rise

The average rate for a two-year fix nudged upwards slightly from 2.58% to 2.59% this week, Moneyfacts data shows, while the average three-year fix saw a stronger increase from 2.77% to 2.79%. The average five-year fix remained at 2.81% and the average 10-year fix also stayed still, at 2.98%. Two-year fixes The only

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