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.
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