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Fixed rates - are they coming down
KerryCakes
Posts: 5 Forumite
Hello MSE friends
Last month I asked for some info that might help me choose between a fixed rate and a capped tracker (and had very helpful replies, thanks).
In the meantime, I've noticed that some fixed rates have come down a little (The Post Office for example). (I'm looking at 5 year fixed rates ideally)
This, understandably, has left me hesitant to dive in...is it likely they will continue to fall (significantly?) as the market gets more competitive? I wonder if I should wait a month or two.
Decisions, decisions
I just wonder if anyone has any thoughts?
Cheers, KerryCakes (It's almost the weekend
)
Last month I asked for some info that might help me choose between a fixed rate and a capped tracker (and had very helpful replies, thanks).
In the meantime, I've noticed that some fixed rates have come down a little (The Post Office for example). (I'm looking at 5 year fixed rates ideally)
This, understandably, has left me hesitant to dive in...is it likely they will continue to fall (significantly?) as the market gets more competitive? I wonder if I should wait a month or two.
Decisions, decisions
I just wonder if anyone has any thoughts?
Cheers, KerryCakes (It's almost the weekend
) 0
Comments
-
Swap rates are the best indicator of movements in the cost of fixed rate debt.
While the falls may continue, I suspect any changes will be modest at best.
There was a tiny rise yesterday!0 -
If month increases the possibility that the BOE base rate will rise. Borrowing longer term will become more expensive.0
-
Thank you both. My current fixed term is up imminently, so perhaps I'll just dive in now and get my 5 year fixed
Thanks for the advice0
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