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Evening Standard
Evening Standard
Business
Jonathan Prynn

Mortgage lenders cut rates as gilt yields tumble

HSBC Jerome Powell US Federal Reserve Virgin Money

Leading lenders scrambled to slash mortgage rates today as gilt yields fell sharply after the US Federal Reserve pencilled in at least three cuts next year. 

HSBC, Virgin Money and TSB were among big high street names pushing through pre-Christmas reductions in the price of their fixed rate homes loans in a boost for property buyers. 

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