Reports are suggesting that some mortgage market lenders are starting to increase their pricing rates to products which, based on the price of mortgage-backed securities (traded like Stocks) are already prone to change daily.
It seems that finding a property, a lender with the right terms, and a mortgage rate to all come together is becoming more like a journey through the Bermuda triangle – without a reasonable explanation, one of them can simply disappear.
With SWAP rate increases and the Bank of England signalling rises to interest rates, this might be the time when waiting for the right time might mean waiting forever.
