Mortgages, wealth, banking and students

The fixed interest rate of mortgages could fall to less than 1 per cent next year if the Bank of England cuts the base rate again, in a move that would give the housing market a boost, The Guardian reports. Rates on two-year, fixed-rate mortgages – already at record lows – could fall even further because of tough competition among lenders to attract new customers, according to leading City analysts.