UK fixed mortgage rates drop for first time since October

UK

2022/12/06

Moneyfacts reports that the mortgage lenders are offering 5.95% on avg for a 5-yr fixed-rate deal.The aveg 2-yr fixed-rate mortgage remains above 6%, at 6.13%.By October 20, the avg 5-yr deal was 6.51% and a 2-yr product was 6.65%.House sales held steady in October, with the volume of transactions ↑ 2% MoM.