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Are the interest rates going to go down in the next couple of years?

noody123 · 2007-07-18 06:08:04

Does anybody have any guesses as to if the interest rates are going to stabilize for a few years or go down again? Asking as i need to make a desiscion on renewing my fixed rate mortgage?

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JoeK_3 Posts: 1,374 Forumite

20 July 2007 at 7:54AM

scottish_blend wrote: »

would you say then, that my best option (being on a budget obviously :-) ) is a fixed rate remortgage for the moment then? Maybe on a 2 year deal to see what happens?

I think that it's time to look for a good 5-year capped rate to limit any further increases but benefit from interest rates reducing over the five year period.

JoeK

I am an Independent Financial Adviser.
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
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Are the interest rates going to go down in the next couple of years?

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