The Bank of England lowered their interest rate to 1.5%…lowest since 1694.
In a historic move, the Bank of England lowered their benchmark interest
rate by .50% to 1.5%. Now get this - the benchmark rate has NEVER been this
low since King William III founded the central bank in 1694 to fund a war
against Louis XIV’s France. The rate began at 6% and fell no lower than
4% throughout the 18th century. It touched 2% several times in the second
half of the 19th century. The central bank held it at that level throughout
the Great Depression and World War II until 1951. These sure are historic
times.King Financial Group, Inc.
Professional Mortgage Advisors
2611 Cross Timbers, Suite 300
Flower Mound, TX 75028
972-539-2500 x 224
866-230-1041 personal fax
972-539-6699 office fax
214-762-1111 cell
Alex.King@KingFG.com
www.KingFG.com / APPLY ONLINE