<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b67dbf70-5bdf-4231-a031-c6c58ad8718f/09E01BCD-312C-415E-9207-32F90CBF549F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html" href="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html" style="font-size: 11px;">www.dailymail.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.dailymail.co.uk/img/5F099A0E-3EF5-4FC2-B237-27FD7E502D32" alt="Home loans" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><P>The amount banks are charging each other to borrow money has plummeted to a record low, creating breathing space to deliver a raft of cheap home loans.<BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><P>Interest rates on these loans are now lower than before the credit crunch that ripped the heart out of the global economy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><P>The three month LIBOR rate, the interest rate charged on a loan for a three month duration now stands at just 0.58 per cent, which is only fractionally above the Bank of England base rate of 0.5 per cent.<BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><P>However, the evidence suggests that they are keeping the cost of borrowing artificially high in order to boost their profit margins at the expense of families, businesses and the wider economy.<BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><P>'However, there is still no evidence of rate cuts being fed through to the consumer. <BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/news/article-1215321/Hope-homebuyers-inter-banking-rate-falls-record-low.html"><P>'Banks can no longer hide behind higher Libor rates as an excuse for keeping mortgage rates artificially high, but I fear consumers will still be forced to pay through the nose for credit of any kind.'<BR /></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/09E01BCD-312C-415E-9207-32F90CBF549F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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