interest rate

GMAC-RFC has replaced its mainstream and self-cert discount rate mortgages with new base rate trackers it was announced today.

The chief of the Federal Reserve, Ben Bernanke, has given a warning the US economy will slow noticeably before the end of the year.

The buy-to-let market is inaccessible to the average investor and is now only an option for the wealthy, according to the Royal Institute of Chartered Surveyors (RICS).

The Bank of England's Monetary Policy Committee (MPC) has voted to maintain interest rates at their current level of 5.75%.

HSBC has cut a number of its fixed rate mortgage deals while also launching a new remortgage tracker product.

November is the most likely month to see a change in interest rates, indicating the Bank of England may cut rates next week, according to Legal and General.

Annualised house price growth fell by 1% between August and September, according to Assetz House Price Watch.

Borrowers are not interested in long-term fixed rate mortgages, an idea being pushed by the Chancellor, according to Paragon Mortgages.

Nationwide has cut the price on some of its longer-term fixed rate deals to help borrowers deal with ‘payment shock'.

Seven out of ten mortgage holders do not understand the financial impact of rising interest rates, according to CreditExpert.co.uk.