Mortgage News

Next OCR increased pushed further into the future

Sunday 4th of December 2011

However, that's no guarantee retail rates, such as mortgage rates, won't rise soon, particularly if European woes worsen.

Financial markets have even priced in a chance of a rate cut - the week before last, the wholesale market had priced in a better than 100% chance of a cut but by Friday had pulled this back to a 35% cut in April or June.

While none agree a cut is likely, econom...

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