The Times - Act now for the best mortgage deals
Confused about interest rates? Last week, Mark Carney, the governor of the Bank of England, suggested that the base rate would not rise above its five-year low of 0.5 per cent until wage growth had been restored across the UK.
Mr Carney later said that he would not wait for wage growth before raising the base rate, in addition to which it emerged that two of the nine members of the bank’s monetary policy committee voted for a rate rise at the last committee meeting. So is this a good time to get a home loan or not?
It seems less likely. “The mixed messages about interest rates have led to some confusion in the market, but mortgage rates have remained pretty stable,” says Aaron Strutt, of Trinity Financial, a broker.
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