Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Friday, June 12, 2009

Mortgage Rates Set To Rise

Nationwide Building Society will raise its fixed mortgage interest rates today, on its most popular mortgage deals, by between 0.26% to 0.86%.

Other lenders are expected to follow suit, as they seek to reduce the demand for their products as the Swap rates (which dictate the cost of fixed rate lending) rise.

Needless to say, savings rates will not be increased.

1 comment:

  1. Annoyingly I was waiting for the mortgage rates to come down a little more so I could remortgage from my 5.3% to a lower one without being too out of pocket from my Early repayment penalty.

    At the moment its just not quite worth doing.

    ReplyDelete