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Credit squeeze sends FTB mortgage rates at 8-year high

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  • Credit squeeze sends FTB mortgage rates at 8-year high

    First-time buyer mortgage rates are increasing as a result of the credit squeeze and at their highest level for nearly 8 years. Last month, the average two-year fixed rate deals for borrowers with only a 5% deposit increased from 6.55% to 6.64%, the most expensive since June 2000. Furthermore, track rate deals also increased from [...]

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