BBC News - Mortgage rate pain: 'Our home buying plans were shot down'
Young, in good jobs and having saved hard for five years to raise a deposit, Kathryn Yabsley and her husband David were all set up to buy their first home.
Last summer, the couple were looking at the prospect of an affordable mortgage and perhaps even getting into their new place by Christmas.
Mortgage brokers - who search the market for the best deals - are somewhat united in their view that the picture will improve.
"We expect that rates will continue to decrease and that remortgage and purchase activity will increase over the coming months," said Jed Newton, director at Trinity Financial. He also told the BBC that many clients have delayed mortgage applications.
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