Another base rate increase has been announced as the central bank continues to battle inflation.
The Bank of England has increased the base rate to 3.5% - up from 3.00%.
However, unlike the past few base rate changes which resulted in higher mortgage pricing, lenders were prepared.
With the increase predicted, lenders have been reducing rates in the run-up to the rise.
Market analysis shows that the pricing of fixed-rate mortgages, which soared after the mini-Budget, continues to drift slowly down, with five-year fixes breaching the 4.5% barrier this week and predicted to potentially drop below 4% in the new year.
The Bank of England has increased the base rate to 3.5% - up from 3.00%.
However, unlike the past few base rate changes which resulted in higher mortgage pricing, lenders were prepared.
With the increase predicted, lenders have been reducing rates in the run-up to the rise.
Market analysis shows that the pricing of fixed-rate mortgages, which soared after the mini-Budget, continues to drift slowly down, with five-year fixes breaching the 4.5% barrier this week and predicted to potentially drop below 4% in the new year.