Mortgage News

Long term rates drop and short ones up

Tuesday 21st of May 2002

The majority of lending institutions eased long term fixed mortgage interest rates, in the month to May 10, but floating and short term fixed interest rates continue to rise, according to the Real Estate Institute mortgage interest rate survey.

"While eight of the 12 lending institutions lowered their three to five year rates by as much as 0.20%, the...

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