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Mortgage rate increases means no relief from April interest rate cut

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  • Mortgage rate increases means no relief from April interest rate cut

    The Bank of England’s Monetary Policy Committee (MPC) cut interest rates yesterday from 5.25% to 5%, as widely expected by economists.This is the third time since December that interest rates have been cut in an effort to protect the economy from the global credit crunch.However, mortgage rates for many borrowers have actually increased and the [...]

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