So, mortgage rates are falling and all whilst the Bank of England base rate is rising. They will rise again, that is no secret.
Are the falling mortgage rates a sign that the base rate is nearing its peak and maybe it won’t stay there too long? Who knows but we have to make the most of what we have in front of us.
We won’t see 1/2% again for a while, that’s for sure so we have to look at the facts, reassess where we are and make sure that we are still looking for the right deals that suit.
I am sick and tired of the doomsday merchants, who, I have no doubt, will be right one day. Even if they have been wrong for years, which they have, they will still hail their mystic Meg like powers of knowing it all!!
Be careful who you listen to and to be honest, you should listen to both sides of an argument and make your own mind!
#propertyinvestment
#buytoletproperty
#doomsday
#facts
Will mortgage rates fall further?
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20 February 2021