Rate Cuts Prevail but some Prices Edge up: Moneyfacts Ratewatch – Mortgage Strategy

Rate cuts prevail but some prices edge up: Moneyfacts ratewatch – Mortgage Strategy

Lenders made plenty of mortgage rate cut announcements this week, but among the reductions, average rates in some loan-to-value tiers edged upwards. Across all LTV tiers, three-year fixed and five-year rates both dipped by 2bps and two-year rates by just 1bp, according to the latest Moneyfacts ratewatch data. Average

Lenders slash mortgage rates as buyers spring into action

Mortgage rates have been falling as lenders up the ante to entice buyers to the market, with increased activity expected in the second half of the year. Summer mortgage activity is heating up for borrowers with lenders competitively repricing their products over the past couple of weeks, which will be welcome news for anyone looking to remortgage or take out new borrowing. The latest data from Moneyfacts has revealed that the average mortgage ra…