2, 3, or 5 year fixed rate?

stud26

MFWannabe said:

What’s the interest rates on the different fixes? 

How much do you owe? 

How many years left on your mortgage? 

Do you intend to move in the near future? 

5 year: 4.46%
3 year: 4.64%
2 year: 4.8%
No product fee

Owe ~£105,000

17 years remaining (but intend to pay it off long before then).

No to moving, we're staying put.

TrainDriver

stud26 said:

TrainDriver said:

That article doesn't say anything of the sort. Read it for yourself rather than listen to misleading comments.

So it's more about the fact that people coming off of their current rate will end up paying more than they were because rates are higher anyway. Rather than, interest rates will be higher then than they are today.

Yes. There's millions of people that have been on low rates with massive mortgages since before Truss and Kwartengs budget that caused chaos.

Those are the people that'll see big hikes.

Hoenir

stud26 said:

The rates get cheaper the longer you fix for, but this suggests rates will fall during that time. 

Longer the duration, the greater the time period to cover administration costs and make a suitable return on capital.