Mortgage rates have eased in recent weeks as lenders rush to reprice deals following positive data about the UK economy, an uptick in house sales and growing expectations that interest rates have peaked.
The average cost of a two-year fixed mortgage fell on Thursday to 5.9 per cent, according to data provider Moneyfacts. That is down from a 15-year high of 6.85 per cent in August 2023 but well above 2.4 per cent in early 2022.
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