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Moneyfacts: Mortgage rates back to August 2007 levels

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  • Moneyfacts: Mortgage rates back to August 2007 levels

    Research by price comparison website, Moneyfacts, has discovered that mortgage rates are back to the same level they were at the start of the credit crunch.According to Moneyfacts, the average rate on a two-year fixed deal is now 6.59% - nearly the same as the 6.56% in August 2007 and down from 7.08% early last [...]

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  • #2
    falling rates

    Rates have indeed fallen recently. Lenders still do not have the funds to lend.

    This means tough credit scores and low LTV's. The areas of lending that are considered to be "more risky" can prove to be very expensive still.

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    • #3
      Yes Rates have been dropping recently. HBOS have just dropped rates accross the boards yesterday as they wish to gain more market share.

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