Saturday, December 8, 2007

It’s different this time.

Fears as Libor fails to mirror base rate cut

"Mortgage lenders tend to price their variable rates off three-month Libor, which is also a key determinant in the cost of borrowing for businesses." This maybe why Birmingham Midshire(HBOS) are offering 6.97% AER on a fixed rate 3 month bond. Fill yer boots and protect your savings whilst you can. The pound may devalue but it will go along way in the property market in the near future.

Posted by cheeky charlie @ 04:12 PM (464 views)
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