Within the last few hours, Northern Rock has reduced its mortgage rates for the second time in two weeks.

In what can be described as positive moves from the state owned lender, competitive mortgage products are creeping back into the market.

Only yesterday Nationwide Building Society announced it was slashing interest rates on more than 34 mortgage products by up to 0.8%, so we can look forward to a little competition in the marketplace.

Northern Rock have stated that they have reduced their fixed rate mortgages by 0.4%  and its trackers by smaller margin at 0.14%.

Trumpo anticipates a continual lowering of “New Mortgage” interest rates over the next 6-12 months providing consumers with a much needed cash boost in their monthly finances.

Keeping the good news a flowing…

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