27.07.2009 - Have UK mortgage rates bottomed out?

From Financialadvice.co.uk: The British Bankers Association has defended the mortgage industry which has come in for significant criticism over the cost of mortgages in the UK. Despite the fact that UK base rates are still at 0.5%, mortgage rates remain relatively high, in excess of 5% in general, and it is believed that mortgage profits for UK banks have increased nearly four-fold in recent months.............Full Article: Source

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