There’s good news for people considering the purchase of a property. In recent weeks mortgage rates have been falling. The fall in the first big fall in two years, a period during which mortgage rates have above all been on the rise. Even with the recent fall mortgage rates are still considerably higher than we experienced since the 2008 financial crash. Rates have fallen more quickly than expected and that is still good news for people signing up to mortgage agreement now as monthly repayments will be lower.