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Updated UK mortgage rates hit lowest since september 2022

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Updated UK mortgage rates hit lowest since september 2022


Updated UK mortgage rates hit lowest since september 2022

Mortgage rates in the UK have touched their lowest mark since early September 2022, the first time the average five-year fixed rate has dipped below 5% since May 2023.

Citing new data from Moneyfacts, The Guardian reported that the average fixed UK mortgage rates for two and five years have fallen to 4.86% and 4.91%, respectively.

Why UK mortgage rates hit lowest since september 2022?

This steep low in UK mortgage rates is attributed to lenders’ growing confidence that the Bank of England will soon lower interest rates from 4% to 3.75%.

The Moneyfacts Average Mortgage Rate plunged from 4.99% to 4.91% month-on-month, and it has dropped by 0.53% year-on-year from 5.44% in December 2024.

Rachel Springall, a finance expert at Moneyfacts, noted that November was particularly favourable for fixed-rate cuts, with the average two-year fixed rate facing its largest monthly decline since August. The five-year fixed rate also recorded its deepest fall in over six months.

As a result, the average shelf-life of a UK-based mortgage product has fallen to just 18 days, while the number of available mortgage deals has risen to over 7,000.

This positive trend in UK mortgage rates reflects a shifting landscape in the UK housing market, providing potential homeowners with easier borrowing conditions. 





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Behind-the-scenes on the red carpet of the Grammy Awards

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Behind-the-scenes on the red carpet of the Grammy Awards




Behind-the-scenes on the red carpet of the Grammy Awards – CBS News










































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“CBS Mornings” co-host Gayle King spoke to Grammy nominees, winners and other stars on the award show red carpet.



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Duke of Edinburgh brings royal inspiration to mangroves and youth

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Duke of Edinburgh brings royal inspiration to mangroves and youth


Duke of Edinburgh brings royal inspiration to mangroves and youth in UAE

The Duke of Edinburgh touched down in the United Arab Emirates on 31st January, for a whistle-stop mission that’s equal parts youth inspiration and environmental eye opener. 

On the first day of his visit, Prince Edward well known as the global champion of the Duke of Edinburgh’s International Award met with ambitious young participants from The British School Al Khubairat and Gordonstoun School at Jubail Mangrove Park in Abu Dhabi. 

The mangrove reserve, part of a wider UAE push to protect coastal ecosystems and biodiversity, is also a new kind of classroom for youth learning and stewardship. 

Duke of Edinburgh brings royal inspiration to mangroves and youth in UAE

As Chairman of the Award Foundation, he used the occasion to celebrate how programmes like the DofE empower young people with confidence.

Meanwhile, Gordonstoun’s involvement carries special weight, the Scottish school is where the Duke’s father, Prince Philip, helped shape the Award’s ethos and where the programme was born. 

After engaging with students and mentors among the mangroves, he went on to visit the Zayed National Museum to celebrate UAE’s history before joining a dinner hosted by Britain’s Ambassador to the UAE, His Excellency Edward Hobart, in Dubai. 





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Hollywood stars remember life and legacy of Catherine O’Hara

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Hollywood stars remember life and legacy of Catherine O’Hara


Tributes have poured in for actor Catherine O’Hara, who died Friday at the age of 71. Macaulay Culkin, who starred in “Home Alone” as O’Hara’s son, wrote, “Mama, I thought we had time. I wanted more, but I had so much more to say – I love you.” Vlad Duthiers reports.



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