Mortgage rates down by half since the financial crisis

Mortgage rates have dropped by almost 50% since the financial crisis, according to Moneyfacts. The report found the average two-year fixed rate home loan has fallen from 4.79% in March 2009 to 2.49% today, with the average five-year fix also down by 2.73 percentage points. “It would have been difficult to predict 10 years ago that we would ever see mortgage rates at historic lows and product numbers at record highs, with providers now vying to compete for new business across most loan-to-value tiers,” said Darren Cook, finance expert at Moneyfacts.

Daily Mail (20/03/2019)   The Daily Telegraph (20/03/2019)