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Is now the time to fix your rate?

As of today, interest rates on various tracker mortgages from Woolwich have been reduced by 0.50% - for example, a lifetime tracker to +2.29% above the Bank of England base rate. 

This is great news but many people are worried that a general election in the spring of 2010 may be the time that rates increase again. So should you be prepared to ‘buck the trend’ now and go for a fixed rate?

 

 

 

Date: 6th October, 2009
Author: Liz Hopkin

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