Interest rates and mortgage advice please!?
Question by lisaandmax: Interest rates and mortgage advice please!? I own two properties, one which I let and one which I live in. I have always used fixed rate mortgages until the buy to let property came to an end and with the interest rates being so low for the first time ever I’m making a bit or profit on it. My main home fixed mortgage runs out in August and I’m trying to establish whether I should time in again for 2 years OR have a tracker mortgage. Are UK interest rates likely to soar with the state the country is in?? Is...
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Question by Jen: Anyone have advice on mortgage rates? I am able to lock in rate today and not sure if I should wait. The rate today is 5 %. Anyone no if they are likely to go down? Best answer: Answer by JhillThe mortgage rate should hold untill the end of the year. However, there is a chance the rate could increase to 5.25% at the end of the next qtr, depending on the improvement of the economy. If you are willing to risk .25% (or $ 250 per $ 100,000) then you can most likely wait untill the end of this year. Add your own answer in the...
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