Current 30 year Mortgage Rates

Nationwide lowered rates after being one of the first creditors to increase interest rates at the end of September, raising two-year rates by 0.25 percent over 60 percent and 75 percent loan-to-value (LTV) tier and 0.1 percent over 80 percent and 85 percent livestock.

Most of the 0.5 percent decrease is for 10-year flat rates, starting at 2.49 percent for the 60 percent Loan-to-Value (LTV) offering with a charge of £999 and 2.59 percent no charge. Meanwhile, Nationwide is reducing its two-year Loan-to-Value (LTV) 60 percent fix by 0.15 percent, starting at 1.29 percent with a charge of £999 and 1.69 percent no charge.

Biennial fixtures for those with a 10 per cent payment requirement will be cut to 1.99 per cent with a £999 charge and 2.39 per cent without a charge. Creditor's five-year LTV with up to 60 per cent LTV starts at 1.79 per cent with a charge of 999 and 1.99 per cent without charge.

Interest rates are also lowered for trackers and shares in joint venture companies. And Henry Jordan, national mortgage director: "As the probability of a Bank of England interest rates hike rises, mortgage lenders will consider their option. Stewart Martin, London CEO of London Money, said that the interest reduction at the 10-year fixed "tells me that long-term cash does not expect interest rates to go much further or too high, too high or too high.

Comments on the two-year interest cuts, he said: You raise the price the week prior to the launch and then let it fall to the previous day. "For me, this is further proof that if the key interest rates rise, it will only take us back to 15 month and not 2007.