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Evening Standard
Evening Standard
Politics
Vicky Shaw

Average fixed mortgage rates edge down but ‘too soon’ to signal a turning point

Average fixed mortgage rates remain around one percentage point higher than they were at the start of March, Moneyfactscompare.co.uk said (Anthony Devlin/PA Archive) - (PA Archive)

Some average mortgage rates edged down on Thursday, but it is “too soon” to say whether it marks a turning point for borrowers, according to a financial information website.

The average two-year fixed homeowner mortgage rate on Thursday morning was 5.89%, edging down from 5.90% on Wednesday, Moneyfactscompare.co.uk said.

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