Will you take a hit if mortgage rates go up?

Mortgage holders can breathe a sigh of relief after the Bank of England decided last week to leave borrowing costs at an all-time low but it came with the warning that interest rate rises are on the way. The current 0.25% rate is the lowest in the bank’s 323-year history and changes upwards could lead to homeowners, who have borrowed at the reduced levels, to face increases in their bills in the near future.

You can read the full article published in The Guardian

Image credit: Benjamin Child on Unsplash

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