The Federal Reserve in the United States announced that they would not raise interest rates, which may give fixed mortgages the boost they needed. The availability of fixed mortgages has been down and the rates have been too high for many. Experts are waiting to see if this news will result in more […]
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Fixed Mortgages Affected By Rising Rates
Posted on June 19th, 2008 by Bright Light
Home buyers are quickly finding out that fixed mortgages are getting very expensive as more banks announced this week that they were raising their rates. Although fixed mortgages are usually seen as being more secure, there is now a high price to pay for that security. Those seeking a fixed mortgage should be prepared to […]
Fixed Mortgage Rates Continue to Climb
Posted on June 13th, 2008 by Bright Light
Those hoping to remortgage to get a fixed mortgage are quickly finding out that it will be nearly impossible. Banks are raising the rates on fixed mortgages and including new fees that make it quite expensive to get this type of loan. Currently, anyone seeking a fixed mortgage will have to be prepared to pay […]
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