Ray Boulger from mortgage broker John Charcol thinks rates have hit their low point.
Certainly in the last couple of weeks, the interbank lending rates in the US have increased by a large percentage, although as its on a small number it doesn’t appear significant. This could well be the start of a climb for interest rates returning to their average (approx 7% in the UK). This is a worry. Too many people (including investors) are unprepared for higher interest rates.

http://www.lovemoney.com/news/property-and-mortgages/mortgages/22248/have-mortgage-interest-rates-hit-the-bottom?source=1000550

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