Refinancing Home Mortgage
In: Mortgage Rate
23 Feb 2010This is a question for those in the UK.
My fixed rate mortgage has come to an end. Do you think interest rates will continue to fall, or is it more likely that they’ll begin to rise? Should I get another fixed rate mortgage now or stay where I am on the provider’s variable rate (slightly higher than what they’ve offered as a fixed rate) and hope interest rates continue to fall?
Thanks!
This is about mortgage information questions.
3 Responses to My fixed rate mortgage has come to an end. Should I get a new one now or hope interest rates fall again?
No offence
February 23rd, 2010 at 8:14 pm
yes
pagodaboy2001
February 23rd, 2010 at 8:16 pm
Get rid of the risk of the ARM and get into a fixed.
betahedger
February 23rd, 2010 at 8:41 pm
Run, not walk, to your bank and get a 15 year fixed rate loan. With all the stimulus borrowing (UK,EU,US) crowding out cosumer loan demand, it will be a very long time before you see anything near 5% fixed.