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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

MYSTERIOUS: Average five year fixed mortgage rate in uk falls back below 6 - You Need To See This

United Kingdom Bank of England Moneyfacts
People look at properties in the window of an estate agent
Rate cuts ‘will do a lot to improve sentiment in the property market’. Photograph: Adam Vaughan/EPA

The average new five-year fixed mortgage rate has fallen back below 6% for the first time since early July, according to the sector’s leading data provider.

Across all deposit sizes, the typical five-year fixed residential mortgage rate on sale is now priced at 5.99%, Moneyfacts said, down from 6.03% on Wednesday.

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