The current interest rate may be at the lowest it has been since the days of World War II, but that doesn’t mean that borrowers view it as anything other than normal now. No longer is it viewed as being at a bottom bargain level, and with that a slight rise in the rate, no matter how small will be seen unfavorably. That is the reason that homeowners are rushing to secure remortgages and buyers are getting mortgages in larger numbers than months past.

In looking at the numbers from month to month it appears that the loan seekers are turning out in large numbers, but in fact the numbers are much lower than what is considered the norm and good for a healthy market. For instance a number close to 80,000 monthly new home mortgage approvals used to be the norm in years past and in January the number was close to 29,000. It could be that figures seen now could be the "new norm" being set as consumers and economists continue to see the trends set now. As things increase it will be a growth or a boom to the norm of today.

The top government leaders and economists have issued a warning that the economy will not recover quickly and a sense of security and confidence would be many years off as we travel a bumpy economic recovery road. It would be good then to understand that what is available today is what it is. The good of now is the good there is. So, as fixed rates are pulled from market leaving rates higher than what was there, or if the standard base rate is hiked, the good of now is the good there is.

The panic that can be felt to rush and grab a remortgage or a new home mortgage should not overstep the act of feeling comfortable with your decision or making one that is financially smart for your situation. It would be good to note that even if the remortgages offered today are not as low as they were weeks ago, they are still quite good and securing a remortgage now is still going to be at a remarkable rate when compared to years past. Also, should the rate increase, it will more likely creep slowly without a huge leap. It won’t be 0.5 per cent anymore once it raises, but it will still be low. Savings are savings, no matter how much they amount to.

Don’t let the negative urgency about a rate change push you into feeling that the best opportunities are passing you by or that they have already passed you by. Your situation is yours, and the remortgage or new home loan you secure will be the best for you, so drop the anxiety and the fear of seeking information and finding out you lost. There are great deals available now and there will be in the weeks ahead. It is all relative to the situation at hand. The good of now is the good there is.