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Mortgages 'stuck on high rates'

Discussion in 'General Discussions and Lounge' started by temi, Jul 8, 2008.

  1. temi

    temi Facilitator Webmaster

    Mortgage deals are getting more expensive despite a drop in a key indicator, says financial information service Moneyfacts.
    Swap rates, normally the key to mortgage rates, peaked three weeks ago but some fixed rate mortgages continue to increase in price.
    The average interest rate for a two-year fixed rate mortgage now stands at 7.07%, according to Moneyfacts.

    source/full story

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