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US mortgages rising on averages; 30-year-olds 4.54 per cent

ASHINGTON (AP) - US long-term interest rates increased slightly this weekend and reached their highest level since the end of June. ASHINGTON (AP) - Long-term US mortgage rates soared slightly this week, reaching their highest level since June last year. morning debt shopper Freddie Mac says the median interest rates on 30-year, fixed-rate mortgages climbed to 4.54 per cent from 4.52 per cent last week. 4.54 per cent of US interest rates were on a par with the previous month's level.

Longgterm interest rates on borrowings are at their highest level for seven years. On May 24, the 30-year mean index peaked this year at 4.66 per cent. Meanwhile, the 15-year bond price rose to 4.02 per cent this weekend from 4.00 per cent last week. 15-year fixed-rate borrowers were also able to buy at a lower price.

ASHINGTON (AP) - US long-term interest rates increased slightly this weekend and reached their highest level since the end of June. ASHINGTON (AP) - Long-term US mortgage rates soared slightly this week, reaching their highest level since June last year. morning debt shopper Freddie Mac says the median interest rates on 30-year, fixed-rate mortgages climbed to 4.54 per cent from 4.52 per cent last week. 4.54 per cent of US interest rates were on a par with the previous month's level.

Longgterm interest rates on borrowings are at their highest level for seven years. On May 24, the 30-year mean index peaked this year at 4.66 per cent. Meanwhile, the 15-year bond price rose to 4.02 per cent this weekend from 4.00 per cent last week. 15-year fixed-rate borrowers were also able to buy at a lower price.

stronger>higher mortgages repayments...

Meanwhile, in the record of its last session on Thursday, the British Government clearly indicated that interest rates would soon go up - possibly as early as November. An interest raise by the Federal Reserve means a traditional raise in people's ability to repay their homes every month. Also, trackers' subprime loans - where repayment depends on the basic interest rates of the UK banks - will quickly deteriorate as interest rates soar.

Nearly 90 per cent of the new mortgages are fixed-interest, about 57 per cent of the entire portfolio fixed-interest. On a £10,000 loan the instalment is down from 4. 3 per cent to 3. 8 per cent in that same horizon. The decline is likely to have been caused by the bank's interest rates cuts in August 2016, which would probably be reverse if interest rates were to fall to 0.5 per cent. However, the Bank's interest rates are expected to have fallen by 0.5 per cent this year.

Historically, changes in the Bank of England's key interest rates have also changed the cost of loans available to companies. It is possible that bankers may try not to pass on the full effect of the interest increase to depositors in order to increase their earnings - although this would probably lead to an enormous reaction from the state.

Raising interest rates is associated with a rise in the currency parity, which means that a strong British Pounds and thus more favourable public holiday periods mean for British people abroad. We have already seen some of these effects, with the British Pounds climbing by around 1 per cent to $1.3347 and 1.1214 following the bank's Thursday session.

The British franc, however, still stays well below the levels of $1.48 and 1.30 before the Brexit referenda in June 2016. Even if prices go up, it is highly unlikely that the pound will return to the level of 2016 in the near future.