fruitmortgages's Blog

There is a strong feeling in the current market that interest rates will be cut when the Bank of England meet again this Thursday.It is widely expected that rates will be cut to stop the countries house prices falling this year, many analysts predict further cuts throughout the year which would be a well received by homeowners who have or will be coming off low fixed rate mortgages.Many homeowners had a nasty surprise this year when they came of low fixed rate mortgages, many well below 5%, to find that they were likely to pay more than 1% more for the same product due to interest rate increases over the last 2 years.Unfortunately many of these homeowners, scared of interest rates continuing to increase, fixed them selves into another fixed rate mortgage above 6%.In September the lowest in...