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BBC News - Mortgage rate cuts continue despite economic fears

(16/01/2024) NatWest, BBC

Mortgage rates are continuing to fall despite some concern that upheaval in the Red Sea could hit the UK economy. The average rate on a two-year fixed deal has dropped to 5.62% compared with 5.93% at the start of the year, according to financial information service Moneyfacts. HSBC and NatWest cut some rates on Tuesday, with Metro Bank and TSB also announcing reductions. Analysts expect the benchmark interest rate to be cut during this year. https://www.bbc.co.uk/news/business-67992415

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