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With mortgage tracker rates being much cheaper than fixes at the moment...
IAMIAM
Posts: 1,437 Forumite
I am presuming repeated 0.25 base rate rises this year is 100% guaranteed, ie avoid trackers......anyone a crystal ball
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May well be limited traches of funds available for longer term fixed rate products. In the US the average 30 year fixed term mortgage product has hit over 5% in the past week. Days of low rates seem to be over.1
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No guarantees of anything - the trackers have been going town in recent days, they are quite a bit cheaper than fixed at the moment, so might actually work out better, even with base rate rises?.IAMIAM said:I am presuming repeated 0.25 base rate rises this year is 100% guaranteed, ie avoid trackers......anyone a crystal ball1 -
Correct HSBC 2 year tracker, 1.49 vs fixed 2.25, that allows for say 3 BOE base rate rises, assuming 0.25 increases.0
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