Average 2 year mortgage rate has actually dropped in September

/ Sep 24, 2018 / No Comments / In Blog / By
Despite last month’s Bank of England rate rise, the average interest rate on a 2 year fixed rate mortgage has actually dropped!
Rates are still, on average, higher than they were this time last year but it’s interesting to see rates fall again given the market sentiment and level of general uncertainty right now.
The fall in rates is actually most likely to be as a result of intensifying competition between lenders as they scramble to attract more customers after the summer lull and in a bid to meet end-of-year targets.
Read the full article via Mortgage Strategy by clicking here.
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