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Average two-year mortgage rate falls below 6%

Business / Fri 8th Dec 2023 at 03:35pm

MORTGAGE rates on a typical two-year fixed deal have fallen below 6% for the first time since mid-June, according to Moneyfacts reports the BBC.

The financial information service said the average rate was now 5.99%.

Competition among providers has intensified as they face a battle to attract a small pot of new homeowners, and to maintain current custom.

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https://www.bbc.co.uk/news/business-67636575?at_link_id=1B5F29A6-95C1-11EE-93D7-C00755826ABF&at_bbc_team=editorial&at_medium=social&at_campaign_type=owned&at_link_type=web_link&at_format=link&at_ptr_name=twitter&at_link_origin=BBCScotlandNews&at_campaign=Social_Flow

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