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Mortgage rates still on the up

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Published Date: 29 April 2008
MORTGAGE rates have increased in the past week, despite moves by the Bank of England to ease the problems in the money markets.
The average rate for a two-year fixed-rate mortgage is 6.66 per cent, up from 6.52 per cent on Monday last week.

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  • Last Updated: 28 April 2008 10:18 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Economic indicators
 
1

Bien E. Bien,

29/04/2008 04:18:29
Mortgage rates could be 10,000% and the sun could be about to burn out and expand to consume our galaxy, but the ESPC would still find a way to place a positive spin on the situation and assure everybody that Edinburgh will "buck the trend" of stagnant property prices and solar death.
2

Plodjfriss, Hammer of the Numpties,

Edinburgh 29/04/2008 06:54:03
Looks like that £50 billion of secret government aid to the banks hasn't done much good. How much more taxpayers' money are the banks going to demand to patch up the holes in their funds created by their own reckless business strategies? £100 billion? £500 billion? £1 trillion? Got to keep those big bonuses for the guys in charge no matter what.
3

11+failed,

30/04/2008 09:01:23
2 Plodjfriss
The banks haven't accessed any of that £50bn, yet! Many banks never will, because the money is too expensive.

 

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