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flag UK mortgage rates reach lowest since 2022, aiding borrowers looking to refinance.

flag Mortgage rates in the UK have hit their lowest point since 2022, with two-year fixed rates dropping to 5.09% and five-year rates to 5.08%. flag This decrease, along with relaxed stress tests by lenders, will benefit borrowers looking to refinance. flag The average mortgage product availability has increased, while the average lifespan of a mortgage product has shortened to just 16 days.

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