Hi,
Has anyone come across any articles which explain how exactly the swap rate affcts (i) variable rate interest and (ii) fixed rate of interst
Also, how do banks set fixed interest rates?
Why do fix rates go up before variable rates?
If the EU is expected to recover in 2010 and interest rates start to increase, would everyone not be better off fixing their mortgage at historical lows today?
Thanks
K
Has anyone come across any articles which explain how exactly the swap rate affcts (i) variable rate interest and (ii) fixed rate of interst
Also, how do banks set fixed interest rates?
Why do fix rates go up before variable rates?
If the EU is expected to recover in 2010 and interest rates start to increase, would everyone not be better off fixing their mortgage at historical lows today?
Thanks
K