Slow Change In Savings And Mortgage Rates Following Interest Rate Rise

Last week's highly anticipated interest rate hike has been slow to provoke reaction amongst savings account providers and mortgage lenders.

Out of the hundreds of particpants in the market, only 42 have announced changes will take place and out of these as yet, only 24 have actually implemented that change according to Moneyfacts.co.uk

Almost all of the savings account providers that have made the change, have passed the full 0.25% rise onto their customers with a small number adding more to their rates than the initial Bank of England base rate change.

Analysts have predicted a further rise from the BoE at some point later this year although early signs are that the four increases since August 2006 are now beginning to take effect with new mortgage applications widely reported to be dropping and house price rises slowing at a much faster rate than for some considerable period of time.

For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk

---

Signs of maturity...

You keep more food than beer in the fridge.