Saturday, May 17, 2008
Just the excuse than Banks need to hike mortgages rates to cover their forthcoming losses
Times Online: Prospects of cheaper loans hit as inflation forecast sends Libor soaring
Two-year swap rates, a key benchmark for fixed-rate mortgages, have leapt from 5.27 per cent to 5.63 per cent in the space of a week.
Darren Cook, of Moneyfacts, said: “We’ll see a bit of a lag and then fixed-rate mortgage rates are going to go up again.”
Posted by inthedelhi @ 11:45 AM (96 views) Add Comment
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