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fixed rate mortgages

100,000 fixed rate mortgages refix within a month

Interesting article in the Times this morning (see here) discussing the increases in fixed rate mortgages over the past week as borrowers scrambled to fix their home loans. Typical 2 year fixed rate mortgages have increased by around 0.4% over the week, to around 5.39%. This is bad news for the 100,000 to 150,000 borrowers whose much lower fixed rate deals come to an end over the course of the …

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