Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Earlier this week, I said that interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve also cut interest rates and the UK base rates stand at just .75%. Other central banks are keeping rates low in order to stimulate the flagging economy. The ECB is also introducing other stimulus measures such as pumping money into the economy by buying €2.8 billion worth of bonds. As I said, this is good news for borrowers but not so good for savers. In the UK you can get mortgages at just over 1%, but in some countries you can get mortgage is it close to zero or even negative rate mortgages. It should be a good time to fix your mortgage rate as there is also a bit of a mortgage work going on with lenders falling over themselves to attract customers. The property market in the UK has been in the doldrums for the last few years, with some areas such as London fallen sharply. The average price rises in the rest of the country are bare