Mortgage rates show signs of falling after Iran war peak

Major lenders including Halifax, HSBC and Santander have started cutting fixed mortgage rates as swap rates ease on hopes of a long-term truce in the Iran war. The average two-year fixed rate has edged down from a wartime peak of 5.90% to 5.87%, though still well above the 4.83% seen before the conflict. Around 1,000 fewer deals are available than pre-war, but lenders are offering larger loan amounts.