Mortgage rates hit record low

16th January 2015

Figures from the Bank of England show that mortgage rates ended 2014 at their lowest level in 20 years. The average two-year fixed-rate mortgage with a 25% deposit fell from 2.17% in November to 2.08% in December, the lowest since records began in 1995, according to the BoE. The average rate on a two-year variable mortgage dropped from 1.81% in November to 1.63% in December, while five-year fixed rates with a 25% deposit remained at 3.21%, both record lows.

The Times (12/01/15)