My fixed rate mortgage have come to an shutting down. Should I win a hot one in a minute or hope interest rates spill out again?
This is a question for those in the UK.
My fixed rate mortgage have come to an end. Do you think interest rates will verbs to fall, or is it more likely that they'll get going to rise? Should I get another fixed rate mortgage now or stay where on earth I am on the provider's variable rate (slightly higher than what they've offered as a fixed rate) and hope interest rates verbs to fall?
Thanks!
Answers:
yes
Get rid of the risk of the ARM and get into a fixed.
Run, not walk, to your mound and get a 15 year fixed rate loan. With all the stimulus borrowing (UK,EU,US) crowding out cosumer loan constraint, it will be a very long time before you see anything practical 5% fixed.
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My fixed rate mortgage have come to an end. Do you think interest rates will verbs to fall, or is it more likely that they'll get going to rise? Should I get another fixed rate mortgage now or stay where on earth I am on the provider's variable rate (slightly higher than what they've offered as a fixed rate) and hope interest rates verbs to fall?
Thanks!
Answers:
yes
Get rid of the risk of the ARM and get into a fixed.
Run, not walk, to your mound and get a 15 year fixed rate loan. With all the stimulus borrowing (UK,EU,US) crowding out cosumer loan constraint, it will be a very long time before you see anything practical 5% fixed.
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