Average UK two-year fixed mortgage rate jumps to 5.81% on 24 April, up from 4.84% in March
Moneyfacts data shows the average two-year fixed mortgage rate hit 5.81% on 24 April, up from 4.84% at the start of March — the sharpest monthly rise since July 2023. The driver is swap rate volatility tied to the Middle East conflict. For buyers, that is roughly £100 a month extra on a £200,000 loan against March pricing. For sellers, expect more cautious offers; economists now see no Bank of England cut until 2027.
What this means for…
Buyers· 3/3
Sellers· 2/3
Wider market· 3/3
Each axis scored 1 (minor) to 3 (major). Total 8/9.
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