Thursday, December 6, 2007

Interest Rate Cut for UK Homeowners

With growing signs of falling UK consumer confidence, the Bank moved to cut interest rates by 0.25% from 5.75% to 5.5%. However, it is uncertain whether the interest rate cut will actually be passed onto homeowners. Due to the credit crunch, there is a real problem of a shortage of funds for mortgages. For example, [...]

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[Source: Mortgage Blog]

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