Mortgage Interest Rates

Digtalzone19 Mar, 2022Business

If you are looking for afirsttimebuyer mortgage then you would be pleased to know that mortgage interest rates are still very low. Although the pandemic and the after effects of Covid-19 are starting to push mortgage interest rates up in the UK mortgage market. In February 2022, the UK?s most important interest rate (Bank Rate) increased this rate from 0.25% to 0.5%. The Bank of England believe that doing this will help bring the rate of inflation down.