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Evening Standard
Evening Standard
Vicky Shaw

Average two-year mortgage rate dips below 5% for first time since mini-budget

Moneyfacts Liz Truss United Kingdom
The average two-year fixed-rate mortgage has dipped below 5% for the first time since before former prime minister Liz Truss’s mini-budget in September 2022, Moneyfacts said (Joe Giddens/PA) - (PA Archive)

The average two-year fixed-rate mortgage has dipped below 5% for the first time since before former prime minister Liz Truss’s so-called mini-budget in September 2022, according to a financial information website.

Moneyfacts said the average two-year fixed homeowner mortgage rate on Wednesday was 4.99%. This was down from 5.00% the previous working day.

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