The downward trend on UK fixed rate mortgages is continuing, according to the latest figures from Rightmove.
The average five-year fixed mortgage rate is now 5.14%, down from 5.52% a year ago.
The average two-year fixed mortgage rate is now 5.56%, down from 5.77% back in 2022.
The average 85% LTV five -year fixed mortgage rate is now 5.22%, down from 5.54% a year ago
The average 60% LTV five-year fixed mortgage rate is now 4.55%, down from 5.26% a year ago
The average monthly mortgage payment on a typical first-time buyer type property when taking out an average five-year fixed, 85% LTV mortgage, is now £1,135 per month, down from £1,173 per month in the same period in 2022.
