Mortgage rates begin to increase as base rate rise looms

Market projections have mortgage rates rising steadily. In recent years, the market has been great for borrowers and leaned in their favor this is starting to change. The increase seen in the average two year fixed-rate has basically cancelled out any reductions in rate that have been seen over the past nineteenth months. Borrowers are encouraged to act quickly by securing a low interest rate of a longer fixed term to get the best deal.