Recent research published online by Mortgage Introducer shows falling mortgage rates. It discusses whether the Bank of England will start raising these again.
David Blake, of Which? Mortgage Advisers says:
“A year ago economists were predicting an imminent base rate rise and now it seems to have been pushed back, which goes to show how unpredictable the economy is.
In this uncertain market, people often look to fix their mortgage payments for long periods of time and long term fixed rates have again reduced, making them even more attractive.
As to how long these low rates last, we don’t know – so to avoid disappointment it makes sense to look at your mortgage options as quickly as possible.”
Read the full article here.