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Mortgages 'stuck on high rates' Mortgages 'stuck on high rates'
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Old 07-08-2008, 05:31 AM
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Default Mortgages 'stuck on high rates'
Mortgage deals are getting more expensive despite a drop in a key indicator, says financial information service Moneyfacts.
Swap rates, normally the key to mortgage rates, peaked three weeks ago but some fixed rate mortgages continue to increase in price.
The average interest rate for a two-year fixed rate mortgage now stands at 7.07%, according to Moneyfacts.



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