Average five-year mortgage rate drops below 6 per cent for first time in seven weeks
The average five-year fixed mortgage rate has dropped below 6 per cent for the first time in seven weeks, according to analysis.
Mortgage rates rocketed amid market turmoil after the mini-budget in September. On September 23, the average five-year fixed mortgage rate was 4.75%, and the two-year fix was 4.74%.
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