Borrowers can secure a cheaper mortgage over two years than five for the first time since former prime minister Liz Truss’s “mini” Budget, as traders bet that interest rates will gradually fall in the near term. Last week, the average interest rate for a two-year fixed mortgage was 5 per cent, compared with the 5.01 per cent charged to housebuyers for a five-year mortgage, according to the data website Moneyfacts. “What it means essentially is…
Borrowers can secure a cheaper mortgage over two years than five for the first time since former prime minister Liz Truss’s “mini” Budget, as traders bet that interest rates will gradually fall in the near term. Last week, the average interest rate for a two-year fixed mortgage was 5 per cent, compared with the 5.01 per cent charged to housebuyers for a five-year mortgage, according to the data website Moneyfacts. “What it means essentially is…
Borrowers can secure a cheaper mortgage over two years than five for the first time since former prime minister Liz Truss’s “mini” Budget, as traders bet that interest rates will gradually fall in the near term. Last week, the average interest rate for a two-year fixed mortgage was 5 per cent, compared with the 5.01 per cent charged to housebuyers for a five-year mortgage, according to the data website Moneyfacts. “What it means essentially is…
