Can somebody tell me why it takes a month for a rate cut to the put on the mortgage rate, yet a rate raise is processed considerably quicker.Yes I can think of some very obvious reasons why, but I wanted to know how it was justified.Bank MPC 4th August -.25%, IF 5th September -.25%.Hmm,mm.Ta.LL.
© Copyright 1998-2013, The Motley Fool Limited. All rights reserved. This material is for personal use only.The Motley Fool, Fool, and the "Fool" logo are registered trademarks of The Motley Fool, Inc.Place of Reg: England & Wales. Company Reg No: 3736872. VAT Reg No: 945 6990 68. Registered Office: 5th Floor, 60 Charlotte Street London W1T 2NU.
Page load time and server: