Mortgage rates fell by up to 41% in 2014
UK, February 2, 2015: Figures released today from Mortgage Brain’s quarterly product data analysis show that some mortgage rates fell by as much as 41% during 2014.
Mortgage Brain’s latest figures – as of 1st January 2015 – show that the interest rate for a two year Tracker with a 60% LTV is now 41% lower than this time last year – down from 1.69% to 0.99%.
The rate for the same product also fell by 32% during the previous 12 months, equating to a product that is now available with a rate that is now 73% lower than it was two years ago.
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