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Hope for mortgages as LIBOR falls

By financepress | October 23, 2008

In a potential boost to the mortgage and loan markets in the UK, Wednesday saw the cost of interbank lending fall further as banks displayed increased confidence in market conditions. Adding to several consecutive days of falls following an injection of Government funds, the overnight LIBOR rate (London Interbank Offered Rate) fell to 4.58% on Wednesday – just above the base rate.

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Topics: Daily Updates |

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