Interesting rates

I mentioned earlier this week how I really rate some of the BBC Correspondent blogs ...

... as well as Nick Bryant's excellent coverage of the recent Australian election, I've really enjoyed Robert Peston's ongoing coverage of the financial challenges currently facing the UK economy :-(

Peston posted an entry earlier today, ending with a brief update about the Governor of the Bank of England's statement to the Treasury Select Committee this morning, that frankly made me thankful that our 1989 mortgage now has less than 7-years to completion ...

... all that said, the interest rate today (at the end of 2007) is still some way below (if not half the level?) of that when we first took out the mortgage at the end of the 80's.

Will it stay below that highpoint all the way through to 2014 though ... any bets??