The ripple effect

July 2006
Mortgage Strategy;7/3/2006, p42
Trade Publication
The article discusses the factors influencing swap rates and how it affects mortgage rates in Great Britain. High swap rates will result in high fixed rate mortgages, which will make variable rate mortgages more attractive in terms of pay rate. Mortgage brokers should seek to gain better understanding of the economic developments that cause swap rate movements because this will enhance their understanding and ability to offer the best deal for every client. INSETS: Tracker deals are likely to be the best option;Swap rates: Beyond the financial jargon;Brokers play a vital role when rates change.


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