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References in periodicals archive ?
uk Lenders raised the cost of their fixed-rate mortgage deals in response to steep increases in swap rates, upon which fixed-rate mortgages are based, due to speculation that interest rates could rise because of inflationary pressures.
Jennifer Holloway, head of media relations at Skipton, said: 'Getting a fixed-rate mortgage offers peace of mind.
29pc, while that on a new five-year fixed-rate mortgage has risen from 3.
In the fixed-rate category, 15-year fixed-rate mortgages slipped to 6.
The average 30-year fixed-rate mortgage remains well below the low watermark for the 1990s.
For 15-year fixed-rate mortgages, a popular option for refinancing, rates rose to 5 percent, up from 4.
Though some California banks have included prepayment clauses with rate discounts on adjustable-rate mortgages for several years, virtually no major lenders in the country routinely have marketed them with fixed-rate mortgages.
According to its latest report, which is based on data from over 30 major lending institutions, all serving the New York residential marketplace, the two most popular fixed-rate mortgage products rose during the month, as did three of the five leading adjustable rate mortgages.
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