Expert: Now is the best time to take out fixed-rate mortgages
www.moneynews.co.uk > Mortgages > Expert: Now is the best time to take out fixed-rate mortgages
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Money News |
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Expert: Now is the best time to take out fixed-rate mortgages
Thu 26th Mar 2009
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According to the experts, recent falls in the base rate have caused many mortgage providers to reduce the interest rates they are charging on fixed-rate deals.
However, John Charcol claimed that recent events may lead mortgage providers to increase their rates again in the near future.
The company claimed that the recent falls in the yields offered by government bonds, or gilts, may be a key contributing factor to future price increases.
It added: "We will also see a few more fixed rate cuts on Friday but after that it looks as if the recent trend of fixed rate reductions is about to be turned on its head."
John Charcol was founded in 1974 and has been operating as an independent mortgage broker ever since, except for a brief period between 2000 and 2004 when it was owned by Bradford and Bingley.
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