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Interest rates
It's the tenth month at the 0.5% record low, and no change. And we can expect to see rates remain at this level well into 2010, say experts.
Technorati Tags: mortgages
Comments
Interest rates staying at an all time low...
Fantastic news if you are a bank.
It is a shame that the vast majority of banks are not passing on this saving.. Still we wait with baited breath for 2010
http://www.gilesestates.co.uk
Posted by Tim GIles at
December 10, 2009 5:01 PM
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Well, it's all a bit academic when the people who could most use a mortgage are going to have to pay 7%.
Arse-covering and profiteering in one! Who'd have thought?
http://www.davehodgkinson.com/
Posted by Dave Hodgkinson at
December 10, 2009 9:38 PM
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The economy is so fragile, interest rates are likely to stay low throughout 2010 and possibly into 2011. However, when they start to rise people will worry about their mortgage rates. Whilst interest rates are low those with savings but not gaining on their savings may look into buying property instead - providing it's low priced and in the right areas.
http://www.wheresmyproperty.com
Posted by Mark at
December 11, 2009 4:10 PM
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