Mortgage rates have been on a rollercoaster ride this year, with a major spike over the summer causing serious pain.
Since then, the Bank of England raised and then held the base rate, but mortgage rates have fallen substantially.
Why has this happened? Can mortgage rates continue to fall? In this episode of Lunch Money, Simon Lambert and Helen Crane discuss the future of mortgage rates and what homebuyers and borrowers who need to remortgage can do.
Below, Interactive Investor’s Victoria Scholar explains what’s happening with inflation in the UK, why it suddenly dropped, and what this means for interest rate expectations.
It also analyzes the impact of falling US inflation on stock markets and investors.
And finally, Burberry shares had fallen by a third since Easter, only to suffer another drop in its results today. Is the luxury stock party over?