Sunday, September 2, 2007

Where are rates going?

Mortgage fears on market turmoil

Some UK mortgage rates are rising as a direct consequence of the recent turmoil in world financial markets. Most affected are home loans to people with a poor credit history, where rates have risen by up to 2.5%.

Posted by hotfoot @ 11:31 AM (939 views)
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4 thoughts on “Where are rates going?

  • And guess what the interest rate rises have not even hit them yet.
    Funny, nearly all business news on BBC is about housing today..

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  • And guess what the interest rate rises have not even hit them yet.
    Funny, nearly all business news on BBC is about housing today..

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  • ……. and still they do not understand …. hence expect more very serious damage.

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  • put the interest rate up, for those who obviously struggle with credit. Now sit back and watch the repossion rate rise……………….

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