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Evening Standard
Evening Standard
Henry Saker-Clark

Average five-year mortgage falls below 5% for first time since May 2023

Moneyfacts

The average five-year fixed-rate mortgage has dipped below 5% for the first time since May 2023, according to new figures.

Financial information website Moneyfacts said the average five-year fixed homeowner mortgage rate on Thursday was 4.99%.

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