6-month low of 15 days for mortgage product shelf-life as lenders increase fixed rates.
Mortgage product shelf-life hits six-month low of 15 days as lenders increase fixed rates. Moneyfacts UK Mortgage Trends Treasury Report data reveals a 20bp and 16bp rise in the overall average two- and five-year fixed-rate loans to 5.76% and 5.34%, respectively. The number of loans increased by 3.7% to 6,004 products. Lenders are repricing rates frequently, causing challenges for borrowers and brokers.
March 12, 2024
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