Yep, a requirement by the banks for more funds on own books plus risk management kicking in (better late than never ) big time means that the bargain interest rates available over the last 5 years or so won't be returning - either for short term or long term rates. Not a totally bad thing, in my view as long as they don't do anything silly like go into the 10% range (a la UK circa 1992).
At the very least it will stop all those amateur property speculators and multiple-home merchants in their tracks.