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Homeowners waiting for lower fixed rate mortgage deals

Wednesday, February 4th, 2009

A new survey claims that most homeowners are ‘holding out’ for fixed rate mortgages of under 4%.

The poll, conducted by Unbiased.co.uk, said that the average borrower was looking for a mortgage rate of 3.86%, whilst a third of borrowers wanted a mortgage deal of lower than 3%.

The survey concluded that UK homeowners are waiting longer than usual to remortgage, in case of further market changes.