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.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
More Rates commentary
1 Sept 2026 · Impact 5/9
HSBC cuts fixed mortgage rates by up to 0.11% as lenders keep trimming into September
1 Sept 2026 · Impact 5/9
More than one million homeowners come off two-year fixes this year, facing £283 a month more on standard variable rates
21 Aug 2026 · Impact 6/9
Halifax cuts fixed mortgage rates from 24 August, with 60% LTV remortgage deals down 0.13%
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