Consumer Corner: When will mortgages start getting cheaper again?

"Prospective mortgage holders and those on trackers in particular are being warned that the medium-term outlook is for rates to go much higher over the coming months"

Consumer Corner: When will mortgages get cheaper?

These days, unlike the guy on the bus, most of us know what a tracker mortgage is. Previously anyone who proclaimed they had a tracker mortgage received jealous looks from anyone who didn’t given the low rates. 

However these days things are different and the European Central Bank (ECB), which is responsible for setting interest rates has increased rates a lot over the last year.