Mortgage Rates: Bank of England predicts further fall in rates

Cash ISA interest rates plummet to new low_istockThe Bank of England (BoE) has revealed, that banks and building societies expect mortgage rates to fall even further within the next few months. In the recent credit conditions survey conducted by the Bank, it was revealed that borrowing rates for homeowners have fallen in the first quarter of 2013; the third consecutive quarter rates have dropped....

No change to interest rates

No change to interest ratesIn a move which will surprise no one, the Bank of England’s Monetary Policy Committee, has decided to leave base rate unchanged at 0.5%. The vote for the status quo means that the Bank has now kept base rate at 0.5% for four years, a record in modern times. The news that interest rates will remain unchanged for yet another month, will please borrowers, particularly individuals and businesses with interest rates linked to the base rate. However, savers, who have seen interest rates ...

Green shoots of recovery in the housing market?

The latest house price survey from the Halifax has showed that house prices rose by 0.3% in July. In a possible sign that house prices may have stabilised and even started to rise, albeit modestly, the Halifax also reported that prices were up on a quarter to quarter basis for the first time in 14 months. However according to the survey prices are still 2.6% lower than this time last year, with the average house in the UK worth £163,981. Martin Ellis, housing economist for the Halifax, said: "Overall, there has been little change in either the level of house sales or the ...