The Telegraph - Mortgage costs fall £1,700 in just four weeks
A mortgage rate war among banks has reduced the cost of a typical home loan by £1,700 in just four weeks, figures show.
Dozens of new deals have been unveiled since the turn of the year, offering borrowers lower rates and cheaper fees.
Aaron Strutt, of Trinity Financial, another broker, said: "For fixed rates to go below 1 per cent would be extraordinary, but that now looks likely to happen very soon."
Martin Beck, an economist at the EY ITEM Club, the respected financial forecaster, said: "We are of the view that there won’t be an interest rise in 2015."
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