Average 2-year fixes fall below 2.44%

This is the lowest average in 52 weeks.

Today’s average 2-year fixed rates have fallen slightly to 2.4392% after the Bank of England opted for a 0.25% rate cut, moneyfacts data shows.

This is the lowest average in 52 weeks and represents a fall from 2.4418% on 2 September and 2.7157% on 5 September last year.

2 year fix graph 11