Mortgages rates fall to record low - Telegraph

Mortgages rates fall to record low - Telegraph

Banks are now offering some of the cheapest mortgage deals ever – but many home owners still can't get at them.

The cost of both fixed-rate mortgages and tracker deals has tumbled in recent weeks, as fears of an imminent rise in interest rates recedes.

With the economy still struggling, most people do not now expect the Bank of England to raise rates until 2012 at the earliest, with some commentators suggesting the Bank Rate could stay at 0.5 per cent until 2013.