Bank Of England Predicts Mortgage Rate Reductions

Banks and buildings societies are likely to make fresh cuts to mortgage rates, according to the Bank of England. The latest poll of lenders found that many mortgage deals became “significantly” cheaper between January and March. Lenders also indicated they would drop further in the second quarter. The availability of mortgages has also increased, BoE data found. Lenders suggest the trend will continue.

Posted in Interest Rates