Average two- and five-year fixed rates both fall to 5.52%, lowest since March

Moneyfacts data out on 14 July puts average two- and five-year fixed rates both at 5.52%, down 0.16 and 0.11 percentage points — the largest monthly fall since October 2024. Lenders are passing on June's lower swap rates. It bites where it matters: 60% LTV two-year deals now average 4.97%, and 95% LTV five-year deals sit below 6% for the first time since March. For buyers that is a genuine affordability shift; for sellers, a wider buyer pool. The Bank's 30 July decision could stall it.