The Caithness Business Index has posted the following article:

What's Happened To Mortgage And Savings Rates Since 2010?

Average two-year fixed mortgage rates fluctuated by less than 1% (between 1.99% and 2.97%) across seven years between April 2015 and April 2022, with five-year fixed deals remaining similarly steady during that time period. The average two-year fixed mortgage rate was less than 2% (1.99%) in July 2020, but had more than tripled to 6.85% just over three years later in the aftermath of base rate rises and the 2022 mini-Budget announcement. [Read Full Article]