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Mortgage rate cuts are back, but here’s why the average rate is still nearly 6%
Read more: Mortgage rate cuts are back, but here’s why the average rate is still nearly 6%Major lenders cut mortgage rates in the week of 7–13 May 2026 — Santander by up to 50bps, Halifax by up to 35bps, Nationwide by up to 25bps. Yet the average two-year fixed rate sits at around 5.78%, up from 4.84% in early March. This article explains why: gilt yields hit 17-year highs amid UK…
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