Thursday, November 10, 2011
Rates going up again, then!
"Mortgage rates could start to rise again as a result of the turmoil in the eurozone, brokers are warning. Some lenders, including Woolwich, Halifax and Santander, have pushed up their tracker rates for new borrowers." "The rise in Libor is a consequence of the eurozone's problems and the growing anxiety about funds being available to banks"."It does not mean that people looking for mortgages will have to pay thousands of pounds more, but those borrowers expecting rates to fall will have to rethink."