Will Remortgages And Mortgages Rates Remain Low As Base Rate Holds?

The interest rate for mortgages and remortgages are at an all time low with rates starting at less than 2% for a tracker mortgages and remortgages. This is due to the Bank Of England reducing the base lending rate to the historic low of half of one percent. As a tracker does what it says on the box and that is it tracks the base rate is what has made mortgages and remortgages so cheap at present. This week’s announcement that the base rate is to remain at half a percent could well signify tht low rate mortgages and remortgages may be available for some time yet.