Friday, September 14, 2007
Anybody for 7.05%
For the first time in six years, it is now possible to earn interest on your savings of 7%. "Lenders are looking for alternative ways to fund their mortgage lending, and it seems as if increasing deposits has been the first port of call for many," Wow the savers have become the lenders but surely this will only push the lending rate higher and higher! 50 to 70% drop in house prices if this goes on!