Average Two-Year Mortgage Rate Falls Below 6% in 2023
Average Two-Year Mortgage Rate Falls Below 6% in 2023: The average UK two-year fixed mortgage rate fell to 5.99% in December 2023. It was the first time the average had dropped below 6% since June 2023. The fall followed lower inflation, stable Bank Rate expectations and changes in wholesale funding costs. However, an average rate […]