Friday, January 21, 2011

Some fear that interest rates will rise

Britain triggers global inflation alarm

Some of the world’s leading investors have turned bearish on government bonds from developed countries as they warn of the growing danger of inflation. Data this week showing the UK’s consumer price index hit 3.7 per cent in December fuelled that concern and sent benchmark British borrowing costs to an eight-month high of 3.72 per cent... The trend has caused homeowners to rush to fix their mortgage rates as lenders withdraw their cheapest fixed-rate deals.

Posted by mountain goat @ 08:34 PM (1606 views)
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3 thoughts on “Some fear that interest rates will rise

  • For those like me who have no subscription to the FT, if you mark out the title and then copy it, and then do a google search on this title, and click on the displayed link, you can read it.

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  • “First Direct, Halifax, Yorkshire Building Society and Barclays Wealth became the latest lenders to pull their most competitive fixed-rate products and increased rates by as much as 0.5 percentage points”.

    Super, houses are now becoming less affordable for buyers, so prices will drop.

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  • Thatcherschild says:

    @1 Thanks for the tip stillthinking, that will be a big help!

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