The mortgage interest rate is one of the most important if not the most important factor to be considered when taking a loan with a lender because this will determine the amount you will pay back. So do your research and don’t get side tracked by introductory offers as they usually only last 12 months. Check out the long term rates available by the bank. The tracker rate is gone but so is the high cost of house prices. When considering a mortgage the least you borrow against the purchase price the better the rate you will secure, as banks offer lower rates for lower loan to value mortgages.