- Watch our latest Lunch Money video on mortgages and savings as rates fall
- Plus after the December surge, why are stock markets getting the jitters?
The New Year has kicked off with a mortgage price war, as banks and building societies deliver a wave of rate cuts.
But with the Bank of England keeping base rate on hold, why are mortgage rates falling now – and can they keep going down?
On this episode of Lunch Money, Simon Lambert and This is Money’s Lee Boyce look at what’s happening with mortgage rates, what those who need to remortgage or buy can do and whether first-time buyers can benefit.
The flipside of the situation is that savers are losing out as they see best rates rapidly fall too. Lee looks at whether they should opt for a fixed rate or account, or if easy access savings deals are now the best option.
For investors, inflation falling and the subsequent expectation that interest rates will be cut has been good news.
Stock markets surged in December to cap a remarkable rally that started in late October, but January has begun with a bit of a wobble.
Richard Hunter, from interactive investor, looks at whether 2023 was a good year for investors overall, why markets rallied late on and what’s causing a few jitters right now.
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