From Yahoo Financial News interest rates are set to rise by 25pct to 5.75 on Thursday. They are expected to reach 6.00% by the end of 2007. ..it’s just as well I switched my mortgage from a variable rate tracker to a 2 year fixed rate product. My mortgage will now stay at 5.44% for the next 2 years. I can’t imagine rates will drop over the next two years so I will have to shop around in a couple of years for the best rate but in the meantime I stand to save by comparison to the tracker mortgage I
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