It’s the most asked mortgage question,and for the first time since the credit crunch things appear to be changingIts the money question I am asked more times than anything else. Should I fix my mortgage to avoid future interest rate rises? Or are interest rates going to stay at rock-bottom lows? For the first time since the credit crunch struck in 2007, the balance of opinion is swinging towards a fix.
Deflation may maintain arrived in the UK, and with the CPI figure falling to (a welcome) -0.1%,accompanied by lots of commentary that interest rates will stay low for longer. But actually the opposite has been happening: over the past couple of weeks prices for fixed-rate mortgages maintain begun to creep up.
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Source: theguardian.com