Bank of Scotland (Ireland) has announced changes to its mortgage variable rates which will affect a small number of customers from next month.
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New mortgage borrowers with Lloyds TSB and Cheltenham & Gloucester will have to pay higher standard variable rates.
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The average 30-year fixed mortgage rate inched down to 4.92 percent this week freom 4.96 percent last week, setting a new record low, Bankrate.com reported today in its weekly national survey.
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The debt crisis in Europe that has unhinged global stock markets also has helped push U.S. mortgage rates back toward record lows, prompting a surge in refinancing.
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HMDA (SuDoc FR 1.63/14:T 27 H/)
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