Overview

• HSBC, Barclays, and NatWest have lowered mortgage rates, with more banks expected to follow.
• The Bank of England's recent hold on interest rates and hints at future cuts have influenced this trend.
• Current mortgage rates remain high, with average two-year fixed deals at 5.96% and five-year deals at 5.53%.
• The housing market has seen reduced activity due to rate volatility and political uncertainty.
• Experts predict that lower rates could stimulate the market, but the extent of the impact remains uncertain.