Pace of lender rate cuts stays low, says Moneyfacts

Pace of lender rate cuts stays low, says Moneyfacts

The pace of mortgage rate cuts is low but continuing, the latest rate watch data from Moneyfacts reveals. Week-on-week, the average two-year fixed rate fell from 4.84% to 4.82% and the average five-year fixed rate fell by 1bps to 4.90%. Meanwhile, the Moneyfacts Average Mortgage…

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