Thursday, June 12, 2008

How high will mortgage rates go?

Cost of fixed rate mortgage highest for 8 years

Fixed rate mortgages are at their most expensive for eight years, with rates rising even for those who have a significant deposit, according to data from the Bank of England ... Market analysts believe that the Bank of England will be forced to raise interest rates several times in the next year in order to curb inflation, and this speculation is pushing up swap rates – the costs of funding fixed rate lending.

Posted by quiet guy @ 04:15 AM (759 views)
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