Mortgage costs to rise again – FT

Sept. 26, 2008
Mortgage rates are set to rise again according to reports, following the collapse of Lehman Brothers and subsequent financial events. The Financial Times (FT) reported that HSBC and Woolwich were scheduled to increase some of their fixed rate mortgage rates today (September 26) by 25-35 basis points. The FT stated that both banks were increasing rates due to the rise …

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