Average fixes eased this week, as lenders continued to battle for market share while the Bank of England base rate remained stable. The average rate for two-year fixes fell by 4 basis points to 6.04%, while the average rate for three-year fixes lifted by a single basis point to 5.83%, according to Moneyfacts data.
Lenders are battling it out on price as fixed rate reductions took precedence in the mortgage market this week, according to Moneyfactscompare.co.uk. The competition has led to a fall in the overall two- and five-year fixed mortgage rates, Moneyfactscompare said. The data, published today (24 Nov.), showed that the
Average fixes continued to fall this week, as lenders battle for customers while the Bank of England base rate remains stable. The average rate for two-year fixes fell by 2 basis points to 6.22%, while the average rate for three-year fixes was down 10 basis points to 6.95%, according to Moneyfacts data. The
Average fixes fell this week as lenders continue to take advantage of the lull in the Bank of England’s rate-raising cycle. The average rate for two-year fixes fell by 5 basis points to 6.37%, while the average rate for three-year fixes was 6 basis points lower at 6.15%, according to Moneyfacts data. The
Average fixes were lower this week as lenders continued to cut rates to attract new customers, according to Moneyfacts data. The average rate for two-year and five-year fixes fell by 8 basis points to 6.48% and 5.98%, respectively. However, the average rate for a three-year fix edged a single basis point lower