Average fixed-rate deal available for only 14 days

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Average fixed-rate deal available for only 14 days

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07-17-2009, 03:47 PM

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Average fixed-rate deal available for only 14 days

Mortgage experts have been urging homeowners to opt for fixed-rate mortgages for weeks, to hedge against an inevitable rise in the base rate.However, new research from Moneyfacts shows that lenders are launching and withdrawing fixed-rate deals with almost indecent speed.Last month the average time scale for borrowers to secure a fixed-rate mortgage fell to just [...]

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