Fix your mortgage NOW: Brokers sound alarm as Trump win helps long-term interest rates spiral upwards

Long-term mortgage rates for British homeowners are likely to rise within days following a surge in the cost of borrowing for lenders, a broker has warned, aided by Donald Trump's shock win in last week's US presidential election.
Mortgage broker firm John Charcol is predicting that five-year and 10-year fixed rates will be the first to see prices go up, with lenders expected to start hiking costs later this week. 
The price rises will reverse more than a year of lenders slashing mortgage rates in a bid to entice borrowers to remortgage. 
But their ability to keep mortgage rates at rock... read more

14 November 2016 in Business, Views: 72
Source: Daily Mail

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