No Appetite For 25-Year Fixed Mortgages

19 Aug 2009

Most U.K. borrowers appear to be favoring fixed-rate mortgages, but only for short-terms, as it appears there is little demand for 25-year loans.

Most U.K. borrowers appear to be favoring fixed-rate mortgages, but only for short-terms, as it appears there is little demand for 25-year loans. According to Andrew Hagger of Moneynet, borrowers look for two- to five-year fixed-rate loans as not to be locked in when rates can be volatile. ...

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