Fixed rates - are they coming down

KerryCakes

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 )

opinions4u

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!

Thrugelmir

If month increases the possibility that the BOE base rate will rise. Borrowing longer term will become more expensive.

KerryCakes

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 advice