Wednesday, September 16, 2009

Increases in Mortgage Rates Accepted by CML

CML Defends a Hike in UK Mortgage Cost

Despite the fact that the Monetary Policy Committee of the Bank of England kept the base rate at the level of 0.5% last week, 2 major UK lenders – Royal Bank of Scotland and Nationwide – increased their interest rates on mortgage deals.

Posted by hj_1212 @ 10:11 AM (570 views)
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One thought on “Increases in Mortgage Rates Accepted by CML

  • The question should be regarding the spread over wholesale funding ( I hate to agree with the CML as they so often ramp, but in this case… ), and even then the retort may refer to the implied risks.

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