Mortgage Rates remain higher

CML The Council of Mortgage Lenders state the obvious - mortgage rates will remain high, or higher for the foreseeable future - blimey, had their crystal ball clouded over?

Quite why these bodies either can't see these things sooner, or hide them amazes us - unless of course the 'non interfering' government tell them what to notice, that is

When Gordon Brown handed over base rate control to Bank of England all those years ago I for one did say to clients, do they really think we believe the Chancellor (Brown) will not telephone the MPC Monetary Policy Committee telling them what he wants and when?