Mortgage-holders take heed: the balmy days of low rates are numbered - Mortgages, Money - The Independent
As far as Bank of England interest rates go, homebuyers have never had it so good. Rates were left on hold by the Monetary Policy Committee for the 23rd month on the trot on Thursday.
We are experiencing not only historically low rates of interest but also unparalleled stability. But nothing this good – from a mortgage holder's perspective – lasts for ever and it looks a racing cert that with inflation running away from the Bank's target range, rates will rise and soon. Last week, the Confederation of British Industry became the latest body to predict a rate rise.
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