HSBC Tracker, currently 4.24, presume 3.99 end of year, fixes are currently 3.95

IAMIAM

At what point would you move to a long term fix, I am trying to ride out the BOE rate reductions but anticipate there is a point where I need to realise the fix is the lowest it will be.

The problem is I cannot fix and keep changing the product/date which is annoying when on a HSBC tracker and rate switching...

tetrarch

The recent rate reduction was 100% priced in by the market.

All fixed price mortgage rates are predicated on swap rates and Gilt Yields in financial markets which are (simplified) predicated on the expectation of the average Base Rates going out in the future

By trying to "ride out" the Base Rate reductions you are essentially trying to out-guess the market - good luck with that......

If yoi check out the following chart from Investing.com it will show you how 5 year swap rate (and by implication 5 year fixed mortgage deals) have changed recently. I would suggest that looking at the changes in the volatility recently that the expectations of any sudden interest rate policy have diminished.

https://uk.investing.com/rates-bonds/gbp-5-years-irs-interest-rate-swap-streaming-chart

Regards

Tet