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tracker mortgage rates Adjustable Rate Mortgage Blog; January, 2009 Archive; Adjustable Rate Mortgage Blog

Nationwide to set floor on tracker mortgage interest rates

01/04/09 01:40

Nationwide, along with a few other mortgage lenders, will be setting a floor on their tracker mortgage rates. This means that even the base rate falls below 2%, Nationwide will still gain sizeable profit margins. They have invoked a clause in their mortgage contracts to set the floor.

This will also allow Nationwide to keep up with their contractual obligations to their savings account clients.

Link: Nationwide to set floor on tracker mortgage rates | MoneyHighStreet.com


Tags: tracker mortgage rates • nationwide •
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tracker mortgage rates Adjustable Rate Mortgage Blog January Archive