Rate drop continues…

Rate drop continues…

Market Watch, Mortgages, News
Average rates across all fixed mortgage terms have fallen since the start of the year. According to research from data provider, Moneyfacts.co.uk the average two-year fixed rate has reduced the most, falling by 0.24% since January this year to 2.52%. Five-year fixed rates have dropped from 3.29% in January, to the current 3.10% and the 10-year rate has fallen to 3.43% from January’s 3.63%. Charlotte Nelson, finance expert at Moneyfacts.co.uk said: “With competition still fierce in the market, it is little surprise that mortgage rates have fallen in the first half of 2016, reaching record lows yet again and currently showing no signs of stopping. “Borrowers looking for a new mortgage deal today will be substantially better off than they were six months ago.  In fact, anyone considering a five-year…
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