Mortgage Rates Rise, Savings Cut
This is a news story, published by Sky News, that relates primarily to Lloyds news.
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savings ratesSky News
•Seven high street names accused of 'blatant profiteering' for raising mortgage rates while cutting savings rates
71% Informative
HSBC, Lloyds , Nationwide, Halifax , Barclays and First Direct have raised mortgage rates.
Savings rates are more likely to be linked to the base rate, which was cut last month .
90% of mortgage deals are funded via swaps/gilts, which have been rising.
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