The Bank of England have voted to freeze the base rate for the time being, despite one member of the committee voting to lower rates in order to stabilise the economy.
What this means in terms of mortgage agreements is that anyone on tracker mortgages will continue to pay the same amount of interest, and won't have to find extra cash each month for repayments.
Now is still a decent time to get a tracker mortgage as analysts are still confident that a drop in the base rate will be essential sooner or later this year.
However, there are still some decent fixed rate deals to be had if you get the right agreement. The ideal solution is obviously a tracker that you can revert to a fixed. However, if you take the gamble and it doesn't pay off, you'll be reverting to a fixed rate that isn't quite as generous.