Nationwide Bank announced today that they were raising their fixed mortgage rates yet again. The current rate for a fixed mortgage is now much higher than it was a year ago. In addition, the bank also announced that they were lowering the maximum amount they are willing to lend on a fixed rate mortgage to […]
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Fixed Mortgage Shock Coming
Posted on April 23rd, 2008 by Bright Light
For at least 3 million fixed mortgage holders, a shock may be coming as many of these loans become variable at the end of their fixed term. It is estimated that anywhere from 1.4 to 3 million fixed mortgage loans may be at risk for default when this switch occurs later this year. Previously, banks […]
Fixed Mortgage Rates Go Up
Posted on April 16th, 2008 by Bright Light
Halifax, one of the nation’s largest lenders, announced today that they were raising the rates on their two year fixed mortgage loans. Even though banks are being encouraged by the government to drop their rates, few are paying heed and some are bucking the advice altogether and raising the rates higher. Experts feel that the […]
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