Monday, Sep 13, 2010
Quick, Buy now while rates are low! (says the Mail)
Daily Mail: Property finance: Rock-bottom deals, but sky-high set-up fees
A late summer sale has broken out in the mortgage market with a few lenders offering fixes and trackers at less than three per cent. The rock-bottom fixes are expected to be popular after the apocalyptic prediction from think-tank Policy Exchange that interest rates would soar to eight per cent by 2012.
Posted by drewster @ 07:17 PM (575 views) Add Comment
3 Comments
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1. sureseam said...
Not sure about others but my reading of things is: not only is credit (mortgage money) becoming less avaiable but also normal folk are becoming much more averse to shouldering it. [Rightly so in my view].
2. fallingbuzzard said...
Which is part why the price of secured credit is coming down
3. enuii said...
FB; that is probably why my CC co has just dropped its interest rates by 2.112% with the following quoted reasoning:-
Why is my interest rate decreasing?
It might help if we explain why it is happening. When we set card interest rates, we take the personal circumstances of each customer into account. This means that we can offer you an appropriate individual interest rate.
Now I take this as a bit of PR because they know full well I never pay interest because I pay the balance off every month, so unless I go on a moronic credit bender it's just a fruitless paper exercise.