10 year fixed deal mortgage

[Froghat]

I’ve been quoted 4.63% for a ten-year fixed and the broker is recommending against it, saying the rate is too high and I should go for 5 or 2 year. Does anyone have any thoughts on fixing for this period? I know rates are never going to go back down past the low 3s and the long fixes are always going to be slightly higher. I’d be interested to know what others think.

Very good move, even if it goes down you have made a firm decision and not left yourself at the mercy of bond market movements which are well above and beyond what the UK government can control, best of luck!

I definitely wouldn't fix it at that rate. That's crazy. We are about to fix for two years on a similar rate and our broker has said she thinks it will have come down again after 2 years.

Did you ask them to explain their economic thinking, or did you just accept that they will want a commission payment again and don"t want to wait too long? Can you explain your own economic thinking regarding bond markets etc. for why that is a "crazy" rate?