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andrewb · 18-11-2008, 10:36

Indeed interest rates have dropped, but the way banks finance mortgages is by borrowing off each other, over 3 months, under the libor rate which has yet to see a significant fall.

18-11-2008, 10:36	#23
andrewb God Member Join Date: Mar 2004 Location: Accrington Posts: 3,905 Liked: 1 times Rep Power: 920	Re: Credit Crunch and You Indeed interest rates have dropped, but the way banks finance mortgages is by borrowing off each other, over 3 months, under the libor rate which has yet to see a significant fall. __________________ formerly cyfr