The Times - Cheaper fixed-rate mortgages to tempt buyers back to market
Interest rates on five-year fixed-rate mortgages are likely to drop beneath 4 per cent at the start of next year, experts have predicted, as lenders rapidly reduce their rates to try to encourage borrowers back to the market.
Aaron Strutt, of Trinity Financial, told The Times: "Next year, if the market continues to deteriorate and people are not buying houses, they will have to work a bit harder to get the applications in. If that happens, it will mean cheaper rates.”
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