Best mortgage deal
Impartial-Independent-Mortgage Advice

Site Search:

Add to Favorites - Compare mortgage rates

0800 801079


Re mortgage quote, secured loan quote, commercial mortgage quote, cheap mortgage insurance quote, conveyancing quote Search mortgages

MPC holds rates

MPC holds rates
The Bank of England's Monetary Policy Committee (MPC) has decided to maintain the base rate of interest in May.

Members of the MPC met today (May 8th) to announce the decision, which means that rates remain at five per cent.

However, it is widely expected that the Bank will opt to cut rates again in June, potentially leading to a drop in mortgage interest rates.

This month's decision was widely expected and the MPC appears to be adopting a bi-monthly approach to cutting rates.

Interest rates have fallen three times in the last six months, bringing mortgage interest rates down with them in many cases.

Trevor Williams, chief economist at Lloyds TSB Corporate Markets, said that he thinks the Bank will continue to take a 'softly, softly' approach.

"The Bank of England is now likely to hold out until the economic picture becomes clearer," he commented.

"Before deciding to cut rates again, it will want more evidence that the economy is slowing; more understanding of the effects of its recent efforts to revive credit markets; and crucially, a better view of whether rising commodity prices are pushing up consumer price inflation," added Mr Williams.ADNFCR-1237-ID-18584895-ADNFCR


Follow the link for information on
the Best Mortgage Rates available
 

Related Articles

Abbey launch semi exclusive tracker rate

Abbey have announced the launch of a Semi Exclusive mortgage deal available through intermediaries s...
Published: 04-Jul-2008

Abbey mortgage rates reduced

Abbey have today announced improvements to their range of mortgage deals, especially those aimed at ...
Published: 03-Jul-2008

100 Percent Bridging Loans for undervalued property

Tiuta, the specialist provider of bridging loans has announced the launch of a new product called Un...
Published: 02-Jul-2008

Suspend Stamp Duty

The Association of Home Information Pack Providers has called for a halt to the charging of stamp du...
Published: 01-Jul-2008

Buildloan expands broker team

For many years, Buildstore have built a reputation as being the number one information portal for th...
Published: 01-Jul-2008

French, Spanish and overseas residential mortgages


Latest News:

Abbey launch semi exclusive tracker rate
Abbey have announced the launch of a Semi Exclusiv...
Published: 04-Jul-2008

Abbey mortgage rates reduced
Abbey have today announced improvements to their r...
Published: 03-Jul-2008

100 Percent Bridging Loans for undervalued property
Tiuta, the specialist provider of bridging loans h...
Published: 02-Jul-2008

Liverpool Victoria launch flexible Equity Release Mortgage
Announced today is the issue of a new Equity Relea...
Published: 01-Jul-2008

Exclusive Kensington Buy to Let rate
Kensington Mortgages has today announced a new buy...
Published: 01-Jul-2008

Suspend Stamp Duty
The Association of Home Information Pack Providers...
Published: 01-Jul-2008

Rss News Feeds

Mortgage News Feed

Best UK Mortgage Rates & Remortgage Rates