Money blog: Energy bills to fall by more than £100 - but predictions say they will rise again

Every Friday we get an overview of the mortgage market with the help of industry experts - before honing in on the best deals available right now with the guys at Moneyfacts.Two major announcements this week are set to have a big impact on mortgages and the housing market in the coming months.First, inflation came in at 2.3% for April - within touching distance of the Bank of England's 2% target but higher than the Bank and most analysts had anticipated.

'James Hyde, spokesman for Moneyfactscompare.co.uk, added: 'Week on week, the overall average two- and five-year fixed rates remained very steady, currently sitting at 5.93% and 5.50% respectively.'The second big announcement was the general election - which we now know will be on 4 July.Richard Donnell, executive director at Zoopla, said buyers who are close to agreeing a sale will 'ideally want to push through and agree to sales now'.

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