Mortgage rates hiked again

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gmc
Posts: 13566
Joined: Sun Aug 29, 2004 9:44 am

Mortgage rates hiked again

Post by gmc »

Bet you all thought your mortgage costs was going to stay low.

BBC NEWS | Business | Mortgage rates jump in one week

Mortgage rates hiked again - Mortgages, Money - The Independent

Darren Cook, of financial information group Moneyfacts.co.uk, warned the average rate looked set to continue rising to more than 5 per cent or even 6 per cent during the coming weeks.

He said: "During the next week I wouldn't be surprised if the average rate increases to 5 per cent and continues rising."

The increases have been driven by steep rises in swap rates, upon which fixed-rate mortgage deals are based.


GORDON IS A MORON
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