Mortgage Rates Tumble
The Sunday Times ‘Money’ supplement July 3rd, 2005 writes:
Borrowers urged not to miss out as mortgage rates tumble
…Fixed rate mortgages are priced according to swap rates…[that] have started to tumble… This will put pressure on the Bank of England to cut interest rates sooner rather than later. A Reuters poll showed that nearly 40% of economists believe the first rate cut will come in August… the consensus was that there would be two rate cuts this year.
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