My Fixed Rate Mortgage Has Come To An End. Should I Get A New One Now Or Hope Interest Rates Fall Again?

December 21st, 2009

This 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!

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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?”

  1. betahedg Says:

    Get rid of the risk of the ARM and get into a fixed.

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  2. jayjay Says:

    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.

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  3. pagodabo Says:

    yes

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Filled Under: Mortgage Loan Modification