Mortgage Rates Hit New Lows, Presenting Savings Opportunities for Homeowners
- Homeowners urged to switch mortgages as rates drop to lowest since 2022
- Average 2- and 5-year fixed mortgage rates fell for 6th straight month in Feb
- Average SVR also fell slightly but remains much higher than fixed rates
- Product choice dropped in Feb for first time since July after months of increases
- Bank of England held base rate at 5.25% in Feb, next decision on March 21
