Average mortgage rates have fallen for the first time in two months in a sign of better things to come for homeowners.
The average two-year fix fell from 6.81 per cent to 6.79 per cent on Thursday, and the average five-year fix from 6.33 per cent to 6.31 per cent, according to the financial data analyst Moneyfacts.
It is the first daily fall in mortgage rates since May 26. It remains to be seen if this is a blip or the start of better times for homeowners.
It follows better-than-expected inflation data on Wednesday that showed a fall in the rate of rising prices, from 8.7 per cent in May to 7.9 per cent in June — in the first piece of good economic news
