Friday, Nov 10, 2006

Mortgage lenders expect to raise rates further

Firstrung: More interest rate rises to come - Council of Mortgage Lenders

Commenting on the rise, CML Director General Michael Coogan said: "Financial markets have been anticipating a rise in interest rates since the last one in August, so today's news should come as no surprise to anyone. A quarter point interest rate rise on a typical 120,000 repayment mortgage equates to around an extra 20 per month."

Posted by converted lurker @ 12:21 PM (375 views)
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