…interest rate held at 5.25%
Posted by admin on March 6th, 2008
As expected, the Bank of England’s Monetary Polict Committee decided to leave interest rates unchanged today at 5.25%.
This comes as lenders continue to increase their mortgage rates and tighten lending criteria in response to current market conditions. The number of lenders and the number of mortgage products available has been shrinking and this reduction in competion has fed through to an increase in rates and fees.
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Mortgage Rates » …interest rate held at 5.25% said,
March 6, 2008 @ 8:21 am[...] unknownnHThis comes as lenders advise to impact their mortgage rates and edit effort criteria in acknowledgement to current outlet conditions. The variety of lenders and the variety of mortgage products acquirable has been modification and this … [...]