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Are you looking for the best UK mortgage rates? Wondering which direction interest rates are headed? Find out what the Centre for Economics and Business Research thinks.
With the Bank of England setting interest rates at an historic low of 0.5%, there couldn't be a better time to get the best UK mortgage rates. Those who remain uncertain whether to enter a new fixed-rate mortgage or continue with a base rate tracker deal are likely to be heartened by the latest piece of research. Best UK Mortgage RatesAccording to the Centre for Economics and Business Research (CEBR), interest rates are likely to remain the same until 2011. Furthermore, they expect the Bank of England to keep interest rates below 2% until 2014. This means that home mortgage refinancing rates will remain very low for the foreseeable future. Why Home Mortgage Rates Will Stay Low
How to Get the Best UK Mortgage RatesWhilst current mortgage interest rates are very low, it is still necessary to search the entire market. This can be achieved by utilising the services of a mortgage broker or using an online comparison service. Don't just settle for a deal offered by a high street bank. Whilst current mortgage interest rates are at an historic low, the opportunity to cheaply refinance is unlikely to be lost by delaying the decision for a few months. Given the dire state of both the British and world economy, the best UK mortgage rates are likely to be available for the foreseeable future. Sources (12 October, 2009). "Mortgage rates to stay low until 2014." The Daily Telegraph. (September 16, 2009). "Labour market statistics." HRM Guide. Monaghan, Angela. (October 8, 2009). "House prices have further 17pc to fall." The Daily Telegraph. Hopkins, Kathryn. (16 February, 2009). "Unemployment forecast to reach 3 million before next election." The Guardian.
The copyright of the article Best UK Mortgage Rates in Home Mortgages is owned by Asa Ghaffar. Permission to republish Best UK Mortgage Rates in print or online must be granted by the author in writing.
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