The following table gives the requested information. Note that “mortgage rate” refers to the average building society mortgage rate.
2 May 1997 Most recent Bank of England base rate 5.94 5.00 (30 November 2006) Mortgage rate 6.98 5.22 (September 2006)
The following table gives the requested information. Note that “mortgage rate” refers to the average building society mortgage rate.
1992-97 Since 1997 Highest mortgage rate 11.38 7.99 Average mortgage rate 8.10 5.91