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How To Predict The Movement Of Interest Rates

Money : Mortgages

Sometimes you will want to know the predicted movement of interest rates. One particularly important example is with regard to a mortgage.

If interest rates are going to go up soon then it can be wise getting a fix on your mortgage rate particularly if you are on a budget that is not quite as flexible as you would ideally like.

Therefore to get a good idea you need to look at what is known as the LIBOR rate. This is a rate the banks use and from it you can see how they expect interest rates to move in the UK.

A handy little tip and something simple and practical to be done to get a flavour of where banks expect interest rates to go in the near future.

By: Fred

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