Mortgage rates halved in the last decade
Average mortgage rates on offer today are around half the level of those seen a decade ago. Research from Moneyfacts shows that the average two-year fixed-rate mortgage has fallen from 4.79% in March 2009 to 2.49% today. And the average five-year fixed-rate mortgage on the market has dropped from 5.62% a decade ago to 2.89%.
Read the whole article in the Daily Telegraph