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Evening Standard
Evening Standard
Vicky Shaw

Rate gap between two and five-year fixed mortgages narrowest since 2023

Moneyfacts Rachel Springall
It was hard to predict where interest rates might go this year, Moneyfacts said (Joe Giddens/PA) - (PA Wire)

The rate gap between the average two and five-year fixed-rate mortgage has shrunk to its narrowest level in two years, according to a financial information website.

At the start of January, the average two-year fixed-rate mortgage was 0.23 percentage points higher than the five-year equivalent, Moneyfacts said.

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