The mortgage market stands to be hit quite hard when the BOE Rate does eventually rise as variable mortgages, tracker mortgages and discounted rates which are cheap will suddenly shoot up and any fixed term deals will also be affected with inflation.
USA TODAYRate on 30-year mortgage hits record 3.83%San Francisco ChronicleAverage US rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie Mac said Thursday that …30-year mortgage keeps fallingThe Durango HeraldWith Mortgage Rates so Low, How to Swing a Refi?Fox BusinessMortgage rates fall to new lows againUSA TODAYBloomberg -CBS News -MarketWatch (press release)all 668 news articles »