Thursday, 3 March 2011

Fixed-rate mortgages rise again | Mail Online

Fixed-rate mortgages rise again | Mail Online

Fixed-rate mortgages have hit a nine-month high as banks continue to increase rates.

Borrowers who have waited just a few weeks before fixing may find rates have increased by almost half a percentage point, adding £35 a month to a £150,000 mortgage.

Although the Bank of England base rate has been at a record low of 0.5 per cent for two years, there is mounting speculation that rates will rise soon to counter above-target inflation.

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