Tuesday, Aug 11, 2009
Mum and Dad will have to subsidise payments, also.
Reuters: Fixed mortgage rates nudge higher
The cost of taking out a new fixed-rate mortgage rose to its highest level this year in July, extending a jump of around half a percentage point in June, figures from the Bank of England showed on Tuesday.
Posted by paranoia blue @ 12:22 PM (630 views) Add Comment
2 Comments
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1. mrflibble said...
I wish the savings rates would catch up, getting bored of trawling though the rotten fixed rates bonds looking for another Newcastle BS 5-year bond type deal. I'd certainly be fixing a mortgage if I had one, but I'm not fixing savings for any long period of time that is for sure.
2. 51ck-6-51x said...
mrfibble - exactly - the demand for loans is skewed to fixed, the demand for savings ( and lending ) is skewed to variable hence the increase in spread we observe.