Research shows fixed rate mortgages not always the best deal

The average rate charged on a two year fixed rate mortgage in the UK increased by 0.09% in one month, the fastest increase in the average rate since February 2012 when it rose by 0.13%. The average two year fixed rate increased on 14 or 70% of the 20 business days in April and fell just three times, according to research from Moneyfacts. Anyone applying for a two year fixed loan on 01 April would have been offered an average rate of 3.52%, but by 30 April it would have risen to 3.61%, or an addi...