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Tens of thousands of borrowers will soon be looking to refinance their home loans as their fixed-rate mortgages expire this year.
According to The Daily Telegraph approximately 80,000 fixed-rate loans settled during 2005 will come to the end over coming months.
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With most of those mortgages set at rates between 6.5 and 6.7 per cent, borrowers will have to adjust to rates that are now two per cent higher.
Published: 11-02-08
