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Evening Standard

Business

Jonathan Prynn

Boost for homeowners as average rate on fixed mortgages fall below 5%

Nationwide NatWest

Home owners and buyers were given a boost today as the average on a five year fixed rate mortgage fell below the 5% average benchmark amid a price war among leading lenders.

According to analysts Moneyfacts, the average rate on what is one of the most popular mortgage products stood at 4.99% yesterday, down from 5% exactly the day before.

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