Is it smart to go on a tracker mortgage right now?

dilby

Hi all - not a financial expert in any way, so hoping your some help here.
My mortgage is due for renewal, but I am possible moving abroad towards the end next year (waiting to sort a few logistical things).

The shortest mortgage i can find at any sensible rate is 2 years, and I have the option of a fixed with an early repayment charge, or a tracker without one.

So I'm tempted to take out the tracker, but with a lot of market uncertainty at the moment I'm concerned about what could happen to mortgage rates. As a bit of background I work in tech and feel I have sufficiently seen behind the curtain enough to be anticipating some sort of AI-bubble related crash (another topic I know), in which case I thought mortgages would go up. However some folk have told me in this situaion they could actually go down?

That kind of confuses me so I was hoping some folks could enlighten me on the different major schools of thought on fixing vs tracking in a climate like this, and how outcomes could be so inversely different.

Thanks!

osmarks

Efficient markets hypothesis. Any expected change in rates should already be priced into what's available now.