What are the current UK mortgage rates? 📊
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Latest mortgage news from Rightmove:
🔹 The Bank of England (BoE) meet about every six weeks to decide whether the Base Rate should go up or down, or stay the same
🔹 The Base Rate is currently 5.25%, and has been held at this level since August
🔹 The current average mortgage rate for a five-year fixed rate mortgage is 4.89%, up from 4.84% last week
🔹 The current average rate for a two-year fixed rate mortgage is 5.29%, up from 5.23% last week
🔹 The lowest available five-year fixed rate is 4.13%, and the lowest available two-year fixed rate is 4.46% – both unchanged from last week
For further information on:
🔸 When could mortgage rates start to drop?
🔸 Average monthly mortgage repayments by average house price
🔸 How much could you borrow?
📩 Follow this link to Rightmove's article in full 📩
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