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Mortgage Rates..What will happen? I wonder

Surely if you go out now and get a mortgage, and the rates rise slowely. Wht will happen to those who are just meeting their payments. Thay cant remain this low forever?

Asked on Mar 28 2010, House Prices in New Malden | Report content

Answers (1)

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  • Interest rates will remain low until we are on a firm road to recovery which is a little way off yet, new borrowers will get fixed rate mortgages and know their monthly commitments and the days of over borrowing are behind us for the time being. For existing borrowers who are struggling will have no option but to sell or face the repercussions,

    Answered on Mar 28 2010, Report content

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