If I understand the proposal, if I am a creditworthy person, I can either refinance my home or buy a new home at this lower interest rate, which today would be between 4 and 4.5 percent for a 30-year mortgage. I would have that fixed mortgage all during that 30-year period of time.
Discussing the implications of a proposal related to mortgage interest rates.
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More from Douglas Alexander
What Andy wants is a national conversation about Brexit and about our relationship with the European Union.
We’re already paying a real economic price for putting up new barriers to our European neighbours who, with almost half of total UK trade, remain easily our largest trading partners.
It’s no secret that I was not a supporter of leaving the European Union, and I called out early as trade minister what I described as the ‘post-imperial delusions’ of the Brexiteers.
Respect for devolution and a commitment to constructive joint working are central to our approach to rewiring the state and ensuring good growth in every postcode.
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