Motley Fool: Credit Card Rates Rocket!

Bad news for borrowers: interest rates are going up — and that’s official.

As you’re probably aware, the Bank of England raised its base rate from 4.50% a year to 4.75% a year last month. Since variable-rate mortgages are linked to the Bank’s base rate, millions of homeowners have seen their monthly mortgage repayments rise over the last six weeks or so. Perhaps now would be a good time to remortgage, before rates rise again?…

Continue reading this article at the Motley Fool

Leave a Comment

Your email address will not be published. Required fields are marked *