Mortgage Christmas Box

There is optimism about interest rates being slashed to bring Christmas cheer to millions of mortgage borrowers.

The European Central Bank is under global pressure to reduce its rates and it seems that when it does the Bank of England will follow suit. In the US, where people have an election to think about as well, rates have already been cut. Whether any changes will be sufficient to boost ailing property markets is questionable, but lower rates would also be welcomed by shops and other traders who have been having a lean time. With recession being just around the corner, any stimulus to the economy would help business and customers alike.

Please Click Here to visit the Free Mortgage Advice Web Site.

Mortgage loan providers are not always as quick or as willing to pass on lower interest benefits to customers. They are understandably wary but there are many who will consider that more caution should have been exercised before the credit crunch hit them. It is always easy to be wise after the event, but it seems that most banks went into free fall, after the free for all, when just about anybody could have as much as they desired!

Some people seem to forget that with any loan there is a payback time, and that there is no such thing as a free lunch, with the possible exception of bonuses for bankers who threw caution to the wind. The after-burn has been both dramatic and catastrophic, with total meltdown only being avoided by government intervention.

Anyway, Christmas is coming, the bankers have gotten fat, and a little bit of mortgage help, may save passing round the hat!

Tags:
Mortgage Christmas Box
Mortgage Christmas Box