Average two and five-year fixed mortgage rates experienced a slight increase on Friday, following a dip the previous day, according to financial information website Moneyfactscompare.co.uk.
Moneyfactscompare.co.uk, which released the data, highlighted that while some new and more appealing mortgage deals have been introduced, there have also been rate hikes that have affected the overall averages.
On Friday, the average two and five-year fixed mortgage rates both rose by 0.01 percentage point compared to the previous day.
The average two-year fixed mortgage rate currently stands at 6.80%, while the average five-year fixed rate is 6.32%. The average two-year homeowner mortgage rate had decreased slightly to 6.79% on Thursday, down from 6.81% the day before.
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