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Window of opportunity between base rate and mortgage rate rises
perplexed.com
Posts: 202 Forumite
Does anyone know how quickly mortgage rates reflect base rate rises? I will soon be on a tracker mortgage and plan to save the difference to overpay later. I would like to change over to a fixed rate when the base rate starts to rise. As I won't have any ERC how quickly do the best fixed rates get withdrawn/go up once the rates have risen?
My favourite subliminal message is;
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Comments
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The lenders will have wind of a base rate rise before it happens, so expect withdrawl of decent Fixed deals to be the signal that the rate rise is coming.
Of course, there are fluctuations in fixed deals for other reasons, so telling the final movement upwards from a temporary blip is part of the fun.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
Thanks, yes "fun", that's one definition anyway! Looks like I'll need to get out my headscarf and crystal ball then.:)My favourite subliminal message is;0
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