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Thousands of fixed-rate mortgages set to expire

Staff Reporter 1 minute read

Tens of thousands of borrowers will soon be looking to refinance their home loans as their fixed-rate mortgages expire this year.

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According to The Daily Telegraph approximately 80,000 fixed-rate loans settled during 2005 will come to the end over coming months.

With most of those mortgages set at rates between 6.5 and 6.7 per cent, borrowers will have to adjust to rates that are now two per cent higher.

Published: 11-02-08

Thousands of fixed-rate mortgages set to expire
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