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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Rate Must Drop Further to Tempt U.K. Borrowers

By Implode-Explode Heavy Industries

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"The drop in the rate on the U.K.?s most widely sold mortgage to a seven-year low has failed to revive lending because it?s too high to persuade borrowers to refinance when fixed-rate terms lapse, Moneyfacts.com said."

Full post as published by Mortgage Lender Implode-o-Meter on June 28, 2010 (boomark / email).

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