Wednesday 08 February 2012 | RSS Feed

Fixed rates peak in June

Bank of England figures show that the cost of fixed rate mortgages peaked in June before reducing in July.


5 August, 2008

The figures show that the average rate for a borrower with a 25% deposit was 6.6% in June, up from 6.26% in May. This was the highest average rate for fixed rates since February 2000.

However, lenders are bringing their rates down, albeit by small amounts. Nationwide, Halifax, Abbey and other providers have all cut their rates in recent weeks. The average two-year fix, with a 25% deposit, is now around 6.5% - up from 5.74% in February.




More News

Your Comments
0 Comment(s)

Have Your Say

Loading