Mortgage rates hiked again
Posted: Mon Jun 22, 2009 9:03 am
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
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