Mortgage rate peak

tony3619

Just so I'm understanding this correctly....if they predict 6% peak mid next year that will make fixed rates roughly 8-9%? 

It's really annoying because if I get a new fix early and pay the ERC I'll save about £77 a month at 8% but it's only about £16 at 9%

CSL0183

Not sure I understand, have you got those two figures mixed up?

Predicted savings would be lowest at say 7% and highest at 9% (If Base rate does get to 6%)

tony3619

CSL0183 said:

Not sure I understand, have you got those two figures mixed up?

Predicted savings would be lowest at say 7% and highest at 9% (If Base rate does get to 6%)

Yes sorry! Its a typo, I meant 77 at 9% and 16 at 8%