paul day is in felixstowe- _ scary three months. paul day is in felixstowe.ry three months. paul day is in felixstowe. his rate _ scary three months. paul day is in felixstowe. his rate will _ scary three months. paul day is in felixstowe. his rate will more - scary three months. paul day is in | felixstowe. his rate will more than double, a £200 rise in monthly repayments. double, a £200 rise in monthly repayments-_ double, a £200 rise in monthly rea ments. �* , ., ., ., repayments. i'm still going to have to make cutbacks. _ repayments. i'm still going to have to make cutbacks. we _ repayments. i'm still going to have to make cutbacks. we are - repayments. i'm still going to have to make cutbacks. we are going i repayments. i'm still going to have to make cutbacks. we are going to| to make cutbacks. we are going to have to stop going out, we are going to have to stop spending money. we do, we like to travel around and go to different cities, and go shopping. that is part of our life. but we are going to have to cut that back. it but we are going to have to

paul day is in felixstowe. his rate will more than double, a £200 rise in monthly repayments.tbacks. we are going to have to stop going out, we are going to have to stop spending money. we do, we like to travel around and go to different cities, and go shopping. that is part of our life. but we are going to have to cut that back. it gives you an idea of the rates. this mortgage broker says those higher borrowing costs mean some first—time buyers aren't even reaching for the housing ladder. there seems to be this expectation that they are going to the rates are going to drop stop so, they feel no urgency to make a purchase and commit to a mortgage rate for five years. there seems to be this kind of feeling that, because things will drop, they could get a better deal if theyjust live with mum and dad for another couple of years. you might wonder why rates aren't falling yet, given that prices are rising more slowly. actually, we expect inflation, this blue line, to have dropped back to the bank's 2% target soon. which is partly the result of those 14 earlier interest rate hikes,

paul dey in felixstowe will see his rate more than double — a £200 rise in monthly repayments. travel around and go to different cities and go shopping. that's part of our life, but we're going to have to cut that back. fixed rate mortgages are linked to expectations of future interest rates. the cost of a new two—year deal has edged up to nearly 6% recently the average five—year one to nearly 5.5%, as some in financial markets think that first cut from the nine members on the bank's rate setting panel may be delayed. yet many will have noticed prices are rising more slowly. inflation is coming down towards the bank of england's 2% target. however, rate setters need to see it stay down for the next year or two. and with wages climbing and spending still strong in some areas, despite higher borrowing costs, analysts think it may be the summer or even the autumn before we see that first cut. so even though no change is expected today, the statement the members of the rate panel release may contain clues as to whether those nine people are inching closer to a cut. even a hint they