i News - Two-year mortgage falls below 5% for the first time in five months
Mortgage rates peaked earlier this summer, but now appear to be steadily falling.
A two-year mortgage fix below 5 per cent has appeared on the market for the first time since June.
Reacting to today’s news, Aaron Strutt of Trinity Financial told The i: “For the first time in a while it feels like there is competition between the lenders to offer the cheapest rates. Banks and building societies know they need to offer decent and affordability mortgages to attract borrowers.”
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