Fixed-rate loans continue to rise in cost

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Fixed-rate loans continue to rise in cost

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07-08-2008, 11:53 AM

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Fixed-rate loans continue to rise in cost

Latest research from financial website Moneyfacts.co.uk shows that the cost of a fixed-rate mortgage is continuing to rise despite a fall in money market swap rates. Swap rates determine fixed mortgage interest rates and reflect traders’ views on the direction that interest rates will take during the period of the fix. While swap rates peaked in the [...]

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