Fixed rate mortgages increase

12/06/2009

A new report has suggested that fixed rate mortgages have increased.

Ray Boulger from charcoal commented: "On Monday we saw another sharp rise in swap rates, large enough to be the straw that breaks the camel's back. I expect several lenders to increase the cost of at least some of their fixed-rate mortgages over the next few days."

He commented further: "there is comfort for people on tracker deals, and there is no reason for major lenders to increase their interest rates."

Abbey mortgages found that a two-year fixed rate mortgage deal was currently the most popular option for its customers; over 21 per cent of their customers choose this option.

Free Mortgage Enquiry