Product category:
Mortgages / Housing
News Release from: Moneysupermarket.com | Subject: Mortgage rates
Edited by the Insidemoneytalk Editorial
Team on 10 December 2007
moneysupermarket.com comments on the MPC
decision to decrease interest rates by
0.25 per cent
Commenting on the MPC decision to decrease interest rates by 0.25 per cent,
Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said: "This is a welcome Christmas present for beleaguered borrowers "However, borrowers should keep a watching brief as lenders are likely to take their time and unlikely to pass on the full reduction in rates as they try to claw back lost profits
The banks are very efficient at passing on interest rate cuts to savers but as lot slower at reducing mortgage rates.".
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