Moneynet in The Press
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the only way is up for mortgage rates
Published: 12/05/2009 |
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East Anglian Daily Times (Essex) (Main)
On the way down, tracker loans were a smart move for borrowers, shrinking monthly repayments close to zero in some cases.
Andrew Hagger at Moneynet.co.uk isn’t so sure. “There is a feeling trackers won’t look so good once rates move up again. New trackers around 2.5% over Base mean a rate of 5.5% if Base rate gets back to 3%,” he says. |
