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Tracker rates stuck in the past

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10-30-2008, 02:42 PM

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Tracker rates stuck in the past

Moneyfacts.co.uk has revealed that average tracker rates are at the same level as this time last year, despite a 1.25% cut in the base rate in the interim.According to Moneyfacts’ research, the average rate on a tracker mortgage is 6.27% today, compared to 6.23% in October 2007.The price comparison website’s analyst, Michelle Slade, concludes that [...]

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