Interest rates on fixed mortgage deals have fallen below 4% for the first time since November 2024 – but will rates come down further? We've spoken to four mortgage brokers to see what they think – and whether you should fix.
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'Mortgage rates drop below 4% for the first time in months – so do brokers think now is a good time to fix?'
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MSE News: Mortgage rates drop below 4% for the first time in months
MSE_Kit
Posts: 127
MSE Staff
0
Comments
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The article fails to mention product fees. Headline interest rates in isolation are misleading.1
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Why is APRC - the annual cost of a mortgage over its lifetime, not included in your figures?
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Probably because virtually no-one continues on the "follow-on" rate after their initial product ends.Baldeagle095 said:Why is APRC - the annual cost of a mortgage over its lifetime, not included in your figures?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1 -
Santander is pulling its 3.99% 5Y fix with £1,749 fee tomorrow.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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That tranche of funds were gobbled up quickly. Many people yet to refix from their low interest rate products for a couple of years yet.kingstreet said:Santander is pulling its 3.99% 5Y fix with £1,749 fee tomorrow.0 -
Little basis point shift wobbles are about - this week maybe because Gilts are up (early feb they were down), and I gather swap rates have risen too in the last few days.
Short term rReal changes will depend a lot on impact of NI rises in April on Inflation. (well unless world politics pulls out another bombshell...)
If inflation is deemed under control, then the market rates will react, the BoE will set rates well, and 2/5yr fixes may well improve. Otherwise, who knows sadly.
I'm hoping the OBR can improve its forecasting though - coming in at 25% over estimate of January tax receipts (5billion or so I think?) seems quite a misforecast.
Peter
Debt free - finally finished paying off £20k + Interest.0
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