In today’s climate, everyone is being conscious of money and it seems like the prices of everything just keep going up. However, the myth that mortgage rates are sky high at the moment is exactly that – a myth. Over the last 25 years, the average cost of borrowing on a 5 year basis at a 90% LTV has been at a rate of 4.34%. Coincidentally, this is close to the best rates available on the market today. So, while it may seem impossible to secure a mortgage at the moment, it really isn’t.