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.
What this means for…
Buyers· 2/3
Sellers· 1/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 5/9.
More Rates commentary
19 Oct 2026 · Impact 6/9
Average two-year fix rises to 5.93% as mortgage deals stay on sale for only 13 days, Moneyfacts finds
15 Oct 2026 · Impact 4/9
Barclays raises six fixed rates by up to 22bps, mostly for existing customers, while trimming 90% LTV purchase fixes by up to 10bps
14 Oct 2026 · Impact 5/9
NatWest and HSBC cut selected fixed mortgage rates from 15 October, with NatWest's 90% LTV five-year fix down to 5.39%
Related reading
Thinking about your own move?
See what your home is worth with free, side-by-side valuations from competing local agents. Your details stay private until you choose one.
Get your free valuations →