NatWest, Barclays cuts followed by further drop in mortgage rates
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Mortgage rates have decreased for the fourth consecutive week, with the average rate for a two-year fixed mortgage dropping from 5.4685% to 5.4603%. This trend follows rate cuts by NatWest and Barclays.
December 20, 2024 | 11:45 am
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POSITIVE IMPACT
NatWest has contributed to the decline in mortgage rates by cutting its rates, which may attract more mortgage customers.
NatWest's decision to cut mortgage rates is likely to attract more customers seeking lower borrowing costs, which could positively impact its mortgage business and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80