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Another mortgage rates one

4 replies

wellerwoman · 06/10/2022 10:47

Do you think mortgage rates are likely to come down over the next couple of weeks, or just continue to rise?
I'm considering paying an ERC of nearly a grand to fix now rather than waiting until my current deal ends in a couple of months, but am so confused.

OP posts:
ShanghaiDiva · 06/10/2022 10:52

Unlikely, given Bank of England will review rate at beginning of November and likely to go up at least 0.5%

Binjob118 · 06/10/2022 10:54

The markets predict rises to over 6% by next year. So maybe a fix now is sensible.

mynameiscalypso · 06/10/2022 10:55

I don't think we're going to get the very fast moves we saw a couple of weeks ago but I'd be surprised if interest rates don't go up and therefore mortgage rates will too

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WhatLikeItsHard · 06/10/2022 13:02

Weeks? No chance. Everything is very uncertain atm, but I think it's pretty certain that they won't come back down for at least a year. Though who knows.

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