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Although interest rates have risen, fixed mortgage rates remain competitive and the gap is closing between the cost of short and longer-term deals. Trussle has found a difference of just 0.45percent between the average two-year and 10-year fixed mortgage interest rates as of June 2022. Mortgage lenders allow you to book in your next mortgage rates up to six months in advance, so if your deal is nearing expiry, it could pay to contact a fee-free broker ahead of time.