Fixed Rate Mortgage used in a Recession Your fixed rate mortgage is generally the last thing on most peoples minds. Difficult economic times cause most consumers to feel uncertain about everything from price inflation to security of employment. Many homebuyers may feel reluctant to take on a variable rate mortgage since an increase in...
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The mortgage market remains in a state of quandary with changing opinions and advice being given by the money and savings experts. This recession is proving to be deeper and more unforgiving than the previous. Mortgage Brain who provides a mortgage sourcing system which is used by professional mortgage brokers has said that the...
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The CBI The Bank of England base rate remains at 0.5% for the third consecutive month there are warnings recommending that higher fixed rate mortgage deals are on the horizon. Borrowers are reluctant to remortgage now due to the low interest rates they have with their current mortgage deals. This benefits borrowers on tracker...
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The situation as I see it! Money seems to be in short supply; interest rates offered by banks for saving money remains diabolical; unemployment is expected to increase by quarter of a million as students leave university and college and members of Parliament from all sides of the political spectrum have exploited their expenses...
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