Banking crisis effect on mortgages?

andrewbradstreet

We've always gone for a fixed rate mortgage but are unsure whether to do so again in the present climate. With the banking crisis still unresolved, are mortgage rates likely to go up or down in the next few weeks?

BizBlogged

If you can lock at that rate, you can see that Rates have risen by over .5% in the last couple months but rates show no signs of falling any time soon. Take the bird in the hand. It'll give you peace of mind.

beingjdc

Most probably mortgage rates will go up, but the bank of england rate down. So if you're variable tied to LIBOR or Swaps, that's bad news. If you're variable tied to the BoE Base rate, should be good.

theGrinch

mortgage rates likely to go up. in fact fixed rates are creeping up again. any cut in base rates are unlikely to be passed on to new borrowers.

opinions4u

I would only forecast short term on mortgage rates.

Two weeks ago they were edging down.

Today, the signs are clearly upwards.

Next week, who knows?!!