UK Mortgage Rates Hit Pre‑Mini‑Budget Lows as China’s $1 Trillion Trade Surplus Shifts the Global Outlook
UK mortgage rates have dropped to their lowest since September 2022, with typical two-year fixes at 4.86% and five-year deals at 4.91%, according to Moneyfacts. Major lenders have cut prices, sparking talk of a mortgage price war. Meanwhile, China’s trade surplus topped $1 trillion for the first time after exports rose nearly 6% year-on-year in November.