Mortgage Strategy - Average short-term fix hits two-year high as repricing continues

NatWest is trimming prices tomorrow as others continue to hike costs taking the average two-year fixed rate to its highest point for more than two years.

Today’s figures from Moneyfacts confirm the average two-year fixed rate is now at 5.91%, the highest it has been since July 2024 and up from 5.84% on Friday.

Trinity Financial product and communications director Aaron Strutt says: “NatWest is the first of the big lenders to stop hiking rates and bring them down.

“Over the last few days there have been a lot of rate rises, HSBC launched its new fixes today and they are nowhere as competitively priced as normal."

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