Home mortgages are getting cheaper
The Bank of England has lowered the base rate interest to 5%. This means that UK home mortgages will be cheaper for the average home owner. Will this mean that people rush out and get a bigger mortgage? Probaly not! It could be advised however that you go out and refinance your deal in order to take advantage of the cut that has recently been announced.
A similar thing goes for your loans and credit cards, however with the credit crunch still very much a problem in world markets. However there are signs that this is easing off in the USA and this should spread to the UK soon.