Saturday, May 17, 2008

Just the excuse than Banks need to hike mortgages rates to cover their forthcoming losses

Prospects of cheaper loans hit as inflation forecast sends Libor soaring

Two-year swap rates, a key benchmark for fixed-rate mortgages, have leapt from 5.27 per cent to 5.63 per cent in the space of a week. Darren Cook, of Moneyfacts, said: “We’ll see a bit of a lag and then fixed-rate mortgage rates are going to go up again.”

Posted by inthedelhi @ 11:45 AM (544 views)
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