News · 8 December 2025
UK Mortgage Rates Fall to Two-Year Low as China's Trade Surplus Surpasses $1 Trillion
British mortgage rates have dropped to their lowest levels since September 2022, with average five-year fixed rates falling below 5% and two-year rates reaching 4.86%. The decline follows multiple Bank of England rate cuts and increased lender competition, offering relief to borrowers before millions face remortgaging. Meanwhile, China's trade surplus hit a historic $1.08 trillion over eleven months despite ongoing US trade tensions and tariff pressures affecting bilateral commerce.
Reported by yahoo · How we write briefs