Re: Confused about mortgage rates
I agree with most of what you say above. I just wanted to clarify the point that a tracker is a variable albeit one with a fixed margin.
I thought that it was the arrival of RBOS?CCOVICH said:I'm not sure what drove the introduction of tracker rates, but I wouldn't be surprised if it was the advent of lower interest rates and subsequent cirticism of lenders for not passing on rate decreases.
I agree with most of what you say above. I just wanted to clarify the point that a tracker is a variable albeit one with a fixed margin.