Wednesday, Sep 16, 2009
Increases in Mortgage Rates Accepted by CML
E1 News: CML Defends a Hike in UK Mortgage Cost
Despite the fact that the Monetary Policy Committee of the Bank of England kept the base rate at the level of 0.5% last week, 2 major UK lenders – Royal Bank of Scotland and Nationwide – increased their interest rates on mortgage deals.
Posted by hj_1212 @ 10:11 AM (238 views) Add Comment
1 Comment
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1. 51ck-6-51x said...
The question should be regarding the spread over wholesale funding ( I hate to agree with the CML as they so often ramp, but in this case... ), and even then the retort may refer to the implied risks.