Are the latest mortgage rates the lowest we are going to see?
Many experts suggest that increases to lenders latest mortgage rates may not be the last if the eurozone crisis continues. Call Deal Direct for the most current information on deals throughout the market.
Instability in the eurozone creates uncertainty in the money markets and this could in turn cause mortgage rates to rise further. Banks that get larger proportions of their funding from the wholesale markets are more likely to reduce the amount they lend and raise their mortgage rates if the eurozone crisis continues.
Some banks have recently looked at reducing their reliance on the wholesale markets by attracting savings deposits. Those that succeed may have more flexibility to offer cheaper deals and keep their rates more competitive. To get the latest mortgage rates, call Deal Direct for a comparison of the whole of market mortgage rates.
If you secure one of the current low base rate tracker deals, this would only increase when the Bank of England base rate rises. Predictions that the base rate will remain low for a further two years or more may make these products some of the best available in the current climate.
For the latest mortgage rates, call Deal Direct. Confirmed news of the base rate remaining low could increase the popularity of the best tracker products. There are still great offers from some lenders but you may have to be quick to secure them before they disappear.
Contact Deal Direct for an up to date mortgage comparison.
