Moneyfacts.co.uk show three-year fixed rates are still priced above 7%, and a long-term trend of falling rates has not yet been established. Moneyfacts.co.uk says average two-year fixes are now priced at 6.96%, down from 7.08% ten days ago. Michelle Slade, analyst at Moneyfacts.co.uk, says the number of major lenders, including Halifax, Abbey, Nationwide and Woolwich have made rate cuts in recent weeks. Best buy rates have also begun to fall.