Is it the right time to fix?

Hoenir

refluxer said:

miabrown said:

trickydicky14 said:

j813ys said:

Purely from a rates point of view?

Are they likely to only stay still or go down from this point?

The right time to fix was a while back, but I think now is better than next week. That's my view anyway.

Do you think there will be a downward trend then?

I currently have easy access accounts paying more than the fixed rate accounts that (normally-competitive) banks like Shawbrook are offering at the moment, which is a good indication of where they think rates are heading, at least.

Banks set rates to attract monies they they themselves require at the current time. If there's reduced demand in borrowing. In Shawbrook's case for asset finance and mortgages. Then they'll tap the markets for less retail customer deposits and/or become less interest rate competitive. 

DavidAC

Albermarle said:

DavidAC said:

Labour look like winning the next election. How well have they done in the past at keeping it under control.

Keeping what under control ?

I should have made it more clear, keeping inflation under control.

Albermarle

Hoenir said:

refluxer said:

miabrown said:

trickydicky14 said:

j813ys said:

Purely from a rates point of view?

Are they likely to only stay still or go down from this point?

The right time to fix was a while back, but I think now is better than next week. That's my view anyway.

Do you think there will be a downward trend then?

I currently have easy access accounts paying more than the fixed rate accounts that (normally-competitive) banks like Shawbrook are offering at the moment, which is a good indication of where they think rates are heading, at least.

Banks set rates to attract monies they they themselves require at the current time. If there's reduced demand in borrowing. In Shawbrook's case for asset finance and mortgages. Then they'll tap the markets for less retail customer deposits and/or become less interest rate competitive. 

Normally you are right, but reading other threads Shawbrooks customer  operations seem overwhelmed/ struggling for some reason. So maybe they have backed off on the interest rate offers to try and get on top of whatever is causing the problems.

boingy

Is it the right time to fix?

Yes. Yes it is.