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Mortgage lenders are offering 5.95% on average for a five-year fixed-rate deal, Moneyfacts.co.uk found. The average two-year fixed-rate mortgage remains above 6%, at 6.13%. Mortgage rates rocketed ...
UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week's Budget. The Bank cut interest rates to 4.75% from 5% in a ...
The fixed rate for a 15-year mortgage is 6.10%, up 8 basis points from last week's average 6.02%. These figures are lower than a year ago, when rates averaged 7.22% for a 30-year term and 6.56% ...
According to financial information company Moneyfacts, the average rate for a five-year fixed rate mortgage in the U.K. hit 6.01% on Tuesday from 5.97% the previous day.
In the UK, fixed-rate mortgage is the name given to an adjustable-rate mortgage with the interest rate locked in for the first two to five years. [5] At the end of that time, many borrowers refinance their mortgages to lock in another stable rate for the next few years. [5]
Average five-year fixed rate mortgage deal drops to 5.95%.
The typical rate for a five-year mortgage has fallen to 5.99% after interest rates were held.
The fixed rate for a 15-year mortgage is 5.99%, down 1 basis point from last week's average 6.00%. These figures are lower than a year ago, when rates averaged 7.44% for a 30-year term and 6.76% ...
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