Average two-year fixed rate falls 0.10 points to 5.68% as mortgage choice tops 7,000 for first time since March

Moneyfacts data shows the average two-year fixed rate fell 0.10 percentage points to 5.68% in June — its biggest monthly drop in over a year — with product choice back above 7,000 deals for the first time since March. Swap-rate volatility from the Middle East conflict has eased, so lenders are repricing down as competition returns. For buyers that means more choice and cheaper fixes; for sellers, a deeper pool of mortgage-ready demand. Rates sit well above December levels — recovering choice, not cheap borrowing.