The average five-year fixed-rate mortgage rate fell below 5% in May
UK average residential five-year fixed rate, %
7%
1 May 2023
4.97%
6
5
4
3
2
2019
2020
2021
2022
2023
7%
6
5
1 May 2023
4.97%
4
3
2
1 May 2018
2019
2020
2021
2022
2023