I’ve been wondering about this very matter recently. Each week more offers appear. 10 year fixed rates for 2.79%; 2 year fixed rates for 1.18%.
This is certainly good for the housing market. Also, it is a sign that the effects of quantitative easing are finally becoming available to consumers - it has taken some time !
Yes the mortgages are for low loan to value loans but it might encourage consumers who are able to offer a large amount of security to borrow - which in turn will help, at least in the short term, the economy.
A trend to watch with great interest.