Thu, 21 Aug 2025

Thu, 21 Aug 2025 Average five-year mortgage at lowest level since 2023

The average five-year fixed rate is now 4.99%, falling below 5% for the first time since 2023.

* Average five-year fixed mortgage rate has dropped below 5% for the first time since May 2023, falling to 4.99%.
* Average two-year fixed mortgage rate also fell to 4.97%, from 4.98% the previous day.
* The number of residential mortgage products available has increased to 7,031, up from 6,992 on the previous working day.
* 900,000 fixed-rate deals are due to expire in the second half of 2025.
* Mortgage rates are still higher than before the mini-budget in September 2022, but have been steadily falling over the past year.
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