How To Stop Interest Rates Affecting Your Mortgage
| Money : Mortgages With most mortgages, a swing in interest rates will affect your repayments. Specifically, when the interest rate goes up then there will be an increase in your monthly payments. And it certainly all adds up - even a swing of a quarter of one percent can actually add hundreds to your annual mortgage depending on the size of the loan that you have taken out. Also mortgage companies will also increase rates as soon as the Bank of England changes rates, so it is a good idea to fix your mortgage rate particularly if you think more rate raises are likely in the near future. To find out read the general sentiment and comments in economics and financial features and the general expected trend should become apparent.
 Questions about interest rates:
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