Fixed rate mortgages increase
A new report has suggested that fixed rate mortgages have increased.
Ray Boulger from charcoal commented: "On Monday we saw another sharp rise in swap rates, large enough to be the straw that breaks the camel's back. I expect several lenders to increase the cost of at least some of their fixed-rate mortgages over the next few days."
He commented further: "there is comfort for people on tracker deals, and there is no reason for major lenders to increase their interest rates."
Abbey mortgages found that a two-year fixed rate mortgage deal was currently the most popular option for its customers; over 21 per cent of their customers choose this option.
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