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Mortgage rate peak
tony3619
Posts: 419 Forumite
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%
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%
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Comments
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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%)0
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