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Merryn Somerset Webb on mortgage and interest rates

Merryn Somerset Webb spoke to Andrew Neil for the BBC about current mortgage and interest rates. Discussing the 2.5% mortgages available on a 5 year fixed term, she suggested that these are not sustainable long-term and that rates will go up in the future. She also said that although 7% would be a ‘normal’ mortgage at the moment, people do realise that current mortgage and interest rate are not really normal.

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