Average fixed mortgage rates edge lower again as 14 lenders trim pricing

Moneyfacts data showed the average two-year fix easing to 5.65% and the five-year to 5.61% in the week to 5 June, with 14 lenders cutting rates against one notable rise. The moves track easing swap rates and competition ahead of remortgage season, not a base rate cut — the Bank held at 3.75%. For buyers and remortgagers, deals are inching cheaper; for sellers, easier borrowing supports demand. The falls are modest and could stall if swaps drift back up.