Variable rate mortgage stages comeback

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Variable rate mortgage stages comeback

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09-01-2009, 10:53 AM

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Variable rate mortgage stages comeback

Mortgage borrowers are becoming less fearful of interest rate rises and opting for variable rate loans in larger numbers. July figures from John Charcol show that while fixed-rate deals retained their popularity, variable-rate mortgages, such as tracker or discounted loans, made up 35% of all mortgages arranged through the broker, compared to 17% of the market [...]

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