MSE News: Hundreds of fixed-rate mortgage deals drop below 5% – but is now a good time to fix?

MSE_Kit

Interest rates on fixed mortgage deals are continuing to fall with hundreds now below 5% and many closer to 4%. But with fixed mortgage rates expected to drop further, is now a good time to lock in? Below we explain what's happening, and what to consider if your deal's coming to an end. 

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'Hundreds of fixed-rate mortgage deals drop below 5% – but is now a good time to fix?'

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dimbo61

Is now a good time to fix ?
Well that depends on so many factors.
If you have been paying 1% for the last 5 years then 5% rate may not look that good.
If your really old like me and remember 14/15% mortgages then 5% would be a good long term rate.