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Fixed rate mortgages are to hit a new low with the launch of a 0.95 per cent two-year fix on Wednesday.The deal from Platform, the broker-only subsidiary of the Co-operative Bank, will be available to
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
The average rate for a two-year fix rose 1 basis point to 2.58% this week, says Moneyfacts. Alongside this, the average three-year fixed rate increased 5 basis points to 2.77% and the average five-year fix moved up by 2 basis points to end the week at 2.81%. Meanwhile, the average 10-year fix stayed at 2.98%.