As per last week’s newsletter, mortgage product interest rates have continued to fall across the board amid forecasts that the Bank of England base rate will peak at 5.50% (currently 5.25%). Notable activity this week is the return of the 3 Year Fixed Rate which is included in our *Best Rates* section.
Purchasers now have the benefit of obtaining a competitive longer rate without committing lo a full 5 year lie in period and as swap rates continue to fall and then ultimately stabilise, we expect mortgage lenders lo continue to re-price their products favourably. Main Stream Media is now talking a more positive language which will begin lo filter through and influence the behaviour of prospective buyers.