Mortgage Brain reports mortgage rate decreases of up to 32% in 2013.

Mortgage Brain’s latest data analysis details a mortgage rate drop of up 32% over the past 12 months. Two year 60% LTV tracker products tumbled to just 1.69% and a marked decrease of 11% was seen on two year 90% LTV fixed products at 3.49%.

 Mark Lofthouse, CEO of Mortgage Brain, comments, “The introduction of Government initiatives such as help to buy and funding for lending, combined with the general improvement in the market and increased competition, has clearly had a positive effect on the overall movement of interest rates over the course of 2013. Read more.