Mortgage rates?

[SpideyMom]

Does anyone know if interest rates are due to rise? I am able to switch mortgage product as in the last 3 months of my current deal. I am just wondering do I wait, or do I just switch now? My offer is in a par with other lenders right now anyway.

Thanks

Interest rates are pretty much the lowest in history , no point waiting, I would find the best federal for you and have it in place the minute your current deal expires, you don’t want to end up on the banks standard variable rate as they are usually higher than most deals, at the rates they are now even 10 year fix is a good deal

So you don't think its worth waiting a few months to see if it goes down? I can switch to a new deal now bit it won't start until my current one ends at the end of September

If anyone "knew" when interest rates change, they'd be filthy rich!!!
Everyone can have opinions, but no one can know!!

I know but I was hoping there would be speculation like there is with so much else

A few month ago there was talk about base rate going negative, but now the market actually seems to think rates might go up.

I would definitely switch before my deal runs out. Even a couple of months on SVR will negate any benefit you could possibly get. If you are switching with the same mortgage provider then you will be ok, but if you're think of changing mortgage provider get the process started ASAP, the housing market is crazy at the moment and everyone is swamped, so it may take a while.

The decision as to if you take a fixed rate mortgage or a variable rate (and how long to fix for) is a more difficult one, and probably a more relevant consideration for you.

I think I am just going to switch product and get it in place. I cant be bothered to go through the whole moving to a new lender for the sake of a few pounds as that's all it is. I was having a moan on another thread the other day about mew customers being offered a better rate than myself who has been with the lender for years. After my initial rant I've accepted that now as at least there is nothing to do other than sign new paper work. It only works out at a fiver more a month than if I was a new customer anyway.

I've just been reading that it looks like it will start increasing. Even if it goes down hopefully it won't make masses of difference anyway as the rates are so low.

I just need to focus on the fact I will be saving on what I am currently paying