Thursday, March 30, 2006 

Firstrung: Borrowers choose discounted variable rate mortgage in anticipation of interest rate cuts The number of borrowers choosing a discounted variable-rate mortgage has increased, indicating that consumers are anticipating an interest rate cut in the near future, according to research by independent mortgage broker Hamptons Mortgages. The figures show that demand for a two-year variable-rate mortgage rose by 9.7% in a month, from 19.27% in February 2006 to 29% in March. In contrast, the number of home buyers choosing a two-year fixed-rate deal fell by 16% over the same period.
posted by Johnny  @ 12:49 PM 12 comments

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