We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
MSE News: Hundreds of fixed-rate mortgage deals drop below 5% – but is now a good time to fix?
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.
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.
