Mortgage rate unchanged for October
The Bank Of England has decided to make no change for October to the Mortgage Bank Rate. The last change was a 0.25% rise in June, this was the last of a series of rises which has checked inflation in property pricing and some concern about unsustainable prices and lack of adequate housing.
While there was no change for October, Gordon Brown will want to keep inflation in line with a possible election around the corner.
So there was no change for October, if you want to be the first to find out about the next rise on the 8th of November 2007. check out the Bank Of England Site.