Monday, Apr 28, 2008
Cuuuuuuuuuurash!
FT: Brokers warn of further rises in mortgage rates
“Until confidence returns and Libor starts to fall, new mortgages will stay expensive,” said Melanie Bien at Savills Private Finance.
Some lenders may be reluctant to compete for new mortgage assets now that house prices have begun to fall.
“For some banks and building societies, it doesn’t make sense to cut rates to encourage assets on to their books,” said a spokesman at one of the banks. “They’re being incredibly careful about their capital to boost earnings and margins.”
Incredibly careful - that's a new vocabulary for the banks!!!!
Posted by rental john @ 05:45 PM (230 views) Add Comment
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