Mortgage rates have dropped from the highs seen in the aftermath of Liz Truss's September mini-budget. The average two-year fixed mortgage rate is 5.32 per cent, with a five-year fix at 5 per cent, according to Moneyfacts. The average two-year fixed mortgage rate is 5.32 per cent, with a five-year fix at 5 per cent, according to Moneyfacts. Opt for a shorter term contractAn alternative would be to pick a shorter fixed deal, which will cost more now. Stay on a tracker – for nowA tracker mortgage is another option – taking care to pick one without an early repayment charge.

Source: Daily Mail April 09, 2023 03:06 UTC