Interest Rate Decision Tomorrow!
UK inflation stayed at 2.8% last month with slower food price rises contributing to holding the rate steady.
The Bank of England meet tomorrow to review the base rate. Currently at 3.75% it is expected that the monetary policy committee will vote for a freeze.
More recently mortgage lending rates have been falling back slightly after rising sharply after the US war with Iran and the knock on effect of higher fuel and petrol prices.
All this is good news for borrowers, house hunters and the housing market in general
