The amount of 10-year fixed mortgage products on the market has reached a record high, research has found. According to Moneyfacts.co.uk, there are now 157 options for 10-year fixed-rate mortgages. The average rate charged on a 10-year fixed mortgage stands at 3.01 per cent, a fall of 0.09 per cent year-on-year from the 3.10 per cent recorded in August 2018. Back in 2014, the interest rate was over 5% and there were only 22 products available. Rachel Springall, a finance expert at Moneyfacts.co.uk, said: "Borrowers may well be thinking of different ways to safeguard themselves from potential rate fluctuations in the market, or even for some peace of mind during a period of economic uncertainty. A decade-long fixed-rate mortgage is no doubt a big commitment, so borrowers must feel confident that their circumstances are unlikely to change to avoid the expense of refinancing earlier than expected. There is a much larger choice of mortgages within the five-year fixed market and these should ideally be considered as an alternative." The Mortgage Bureau covers the whole market and can advise on the best deal for each individual circumstance. "Your One Stop Mortgage Shop!" https://local.google.com/place?id=15022266394329617825&use=posts&lpsid=4113023902748500990