MORTGAGE INTEREST RATES (4)

Is there no end to the decline in interest rates? I have today received a letter, telling me that the interest rates for the next six months on the two loans on our house (30 years, interest only for the first 10) are 0.86% and a staggering 0.51% respectively.

Great for us; not so good if you are a pensioner living on savings.  

Walter Blotscher