Mortgages - how long to fix for Feb 2025?

[Unexpectedlysinglemum]

Hi all,
I've been offered a 4.48% rate with no fee and I'm wondering whether to fix for 2 years (in case they go down) or longer (in case they go up!) the interest rate has been the same or gone down recently. What is everyone else who is getting a new mortgage product around now doing and why?

Bump

Analysts broadly expecting rates to fall to c3.5% by 2026, but that's assuming nothing unusual happens in the UK or global economy. Big if.

Anything further out is real finger in the air job.

Comes down to personal risk appetite. Anyone who professes any certainty over it isn't to be trusted.

Thank you! So if no huge surprises then a 2 year fix, but of course there can be wars and pandemics and recessions etc

We fixed again for 5 years. Not taking any chances and it only went up less than £20. We've never had a super low interest rate anyway. There was no option to fix for 10 this time. Not sure if it's because we have 10 years left.

I like the certainty and it was more to fix for 2 years.