You Could Have Another 9 Months Of Low Mortgage Rates

A Reuters survey of 62 economists suggested that the current record low base rate, that has been with us for 22 months, could be here to stay until at least the last quarter of 2011. The survey showed that 30% of those polled predict that interest rates could rise by June, but the feeling is [...]

Are House Prices Continuing To Fall

Two contradictory patterns have emerged for what has happened to house prices during 2010. Nationwide’s view The Nationwide’s House Price Index suggests a 0.4% rise during the year. Whilst their index showed prices staying level from January through to November, a slight increase in December of 0.4% gave this annual rise. The Halifax House Price [...]

Homeowners rushing to grab remortgage deals

With the base rate having been stuck on 0.5% since March 2009, it came as no real surprise that two thirds of mortgage holders (8 million) where on their bank’s standard variable rate product. But figures are now showing a massive shift in the market as homeowners rush to find better long term deals. In [...]

Will Interest Rates Have Doubled In A Couple Of Days?

With the pre-Christmas reports that base rates could quickly be heading towards the 5% mark, it is possible that we might see the first of these rises in as little as 48 hours. With the Bank of England’s Monetary Policy Committee having to drag down inflation, which did not fall below 3% in 2010, to [...]



Other useful finance sites