What is remotely interesting about interest rates? Not a lot I once thought. As soon as I became a homeowner, a heavily-mortgaged homeowner to be correct, they suddenly became all too important. When I was searching for my first flat the banks were literally falling over themselves to lend me money. There were mentions even of 110% mortgages with no deposit and it was all too easy. I still had those niggling little voices in my head though from hearing stories of the stress and strain a 13% interest rate put on my lovely parents when we were growing up. A situation that seems almost impossible now. Still, it was enough to stop me doing anything TOO crazy.