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Mortgage Rates Drop Fast | Leeds News
Mortgage rates are plummeting faster than in years, offering homeowners real savings—up to £288 a year on a £250,000 loan. Two-year and five-year fixed rates have both dropped to 5.52%, driven by falling swap rates, with the biggest monthly drop since last October. Even low-deposit deals (95% LTV) are now below 6% for the first time since March. Over 976 mortgage products have returned to the market, boosting buyer choice. But don’t celebrate yet—stick with your current deal if you’re not ready to switch, or risk paying the still-high average variable rate of 7.13%. Listen in comfort:Get a…
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