The average two-year fixed-rate homeowner mortgage on the market dipped to 5.99 per cent on Friday. The peak for two-year fixed products this year was reached on July 26, when the average rate hit 6.86 per cent. Learn more here: https://t.co/3a8Dpenhrc pic.twitter.com/5Q2AqTJMXN — NatWest (@NatWest_Help) July 17, 2023The news represents a boost for UK sellers and mortgage holders in the UK. James Hyde, spokesperson at Moneyfactscompare.co.uk, said: "The average two-year fixed rate has dipped below 6 per cent, for the first time since mid-June this year. "In May, when April's inflation data revealed core inflation had risen, they rose more quickly, and in June, when May's inflation rate didn't move at all, they continued their rapid ascent."

Source: The Times December 09, 2023 11:59 UTC