Fixes hit 10-year high as swap rates rocket

Powley, Tanya
June 2008
Money Marketing;6/19/2008, p2
The article reports on the move of mortgage lenders to increase their two-year fixed rates associated with the increase of two-year swap rates in Great Britain. These lenders include Nationwide Mortgage Services, Cheltenham & Gloucester PLC and the Royal Bank of Scotland. Mortgage trader Danny Lovey comments that the market volatility is influenced by the growth of yields in the treasury market.


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