What if mortgage interest rates go up?

Could you afford your monthly mortgage repayments if interest rates go up?  According to research by moneysupermarket.com*, 42% of homeowners are worried about the effect an interest rate rise will have on their mortgage payments.

In addition, an alarming 17% of people surveyed said that they will be unable to afford their mortgage repayments when interest rates do rise.

 

* Source – Credit Action April 2011 edition

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