Homeowners Fixed On Medium Term

Daily MailOctober 31, 2007

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Summary


MORE homebuyers are taking out medium-term fixed rate mortgages as rises in interest rates and house prices kick in.

Research from moneysupermarket.com shows that more homebuyers are opting for three to five-year fixed mortgages than other time periods.

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Extract


Homeowners Fixed On Medium Term

Five interest rate rises since August 2006 have increased mortgage payments and forced millions of households to opt for security.

While another rate rise ...

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