You are here: Home - News -

Two-year mortgage rates edge lower – Moneyfacts

by:
  • 05/10/2018
  • 0
Two-year mortgage rates edge lower – Moneyfacts
Two-year mortgage rates have fallen to 2.48%, despite the Bank of England rate hike in August.

 

The average two-year mortgage rate has fallen over the past month from 2.52%, according to Moneyfacts data.

Rates are now only slightly higher than this time last year, when they stood at 2.22%, despite two increases to the  base rate.

The Bank of England kept the interest rates on hold in September, after raising the base rate to 0.75% in August.

And in November 2017, interest rates rose from 0.25% to 0.5%.

The last time the base rate was above 0.5% was in February 2009 when it stood at 1%.

Barclays and Accord are among the lenders to have recently reduced rates.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
UK Finance launches guide to development finance for SME housebuilders

UK Finance has joined forces with the Federation of Master Builders (FMB) to provide guidance on the development finance process...

Close