The real price of a mortgage: 6.49%

[Admin]

Forget interest rates at 0.5%. First time buyers are paying the highest rates in years - which is why talk of a housing market recovery is bunk.

http://www.guardian.co.uk/money/blog/2009/sep/14/mortgage-rates-affordability-house-prices (http://www.guardian.co.uk/money/blog/2009/sep/14/mortgage-rates-affordability-house-prices)

[hernextdoor]

Even if you have a mortgage doesnt mean you can get another one if you want to move house so i have to continue with the early mornings and long commute

[Admin]

Yeh, the whole market is stagnant. You have to have pretty high LTV (40%+) if you're thinking of moving. I have read that there are early signs the worst is over so hopefully 2010 will see a better year.