City Of London
Five-Year UK Mortgage Rate Falls Below 6% for First Time Since Early October
- Average five-year fixed rate deal drops to 5.95% on Tuesday
- A separate rate used to price loans reverses mini-budget jump
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The cost of a five-year fixed-rate mortgage has fallen below 6% for the first time in almost seven weeks, providing a glimmer of hope for Britons affected by the UK’s home loans crunch.