Fixed mortgage rates are falling and could drop to below 4% in the New Year – Property Industry Eye
Duncan Young comments : “After a turbulent period for mortgage rates, which seemed to be increasing on an hourly basis, things seem to have stabilised.
Did you hear this in the media? No, neither did I – they seem to revel in bad news, but let the positives slip by!
Over the past couple of weeks we have seen a reversal in the upward trend, with most drifting downwards as the money markets stabilise and banks compete for business – hopefully this will continue so that the main news outlets have to take note….
If you haven’t checked the rates over the last 24 hours you may get a very pleasant surprise that some of the popular fixed rates and trackers have now come down !! “