Saturday, April 26, 2008
If 50billion buys BoE a 0.6% IR rise, what rise will 100billion buy!
Halifax, which is responsible for two out of every 10 mortgages, has changed all of its fixed rate and tracker rate mortgages to new customers, with a two-year fixed rate deal, for instance, climbing from 6.12% to 6.49%. Some rates have increased by 0.6%, adding £900 on to the annual repayment charges of a £150,000 loan. Rates up from 6.12 to 6.49% or put another way the monthly mortgage bill will increase by 6%