They probably will but not rapidly...

and not to the level of interest you will be paying above base rate on a fixed - if you spend a year paying 2% below the fixed rate it would then have to rise 4% over that year for another year paying on a fixed 2 year deal to even out what you would have paid. That possibly doesn't make full sense (I know what I mean) - but over a short fixed or variable deal the the interest rate will not rise that rapidly to go that significantly above the fixed rate to even it out. Yes payments go up if you are variable but they are already artificially up by fixing it.

Posted By: jonnym6 on October 2nd 2018 at 11:11:29

Message Thread

Mortgage chat (General Chat) - MIKEWALKER, Oct 2, 06:55:30
- The market expects interest rates to rise gradually, as hinted by Mark Carney (General Chat) - Old Man, Oct 2, 08:26:55
  - thank you very much for the information Old Man (n/m) (General Chat) - MIKEWALKER, Oct 2, 11:07:02
  - Para 5 is on the money (General Chat) - CWC, Oct 2, 09:03:42
    - Brexit means Brexit tbf (n/m) (General Chat) - SCC 28, Oct 2, 09:08:34
      - Brexit means Bullshit (General Chat) - Dunney, Oct 2, 09:35:48
        
        Interesting Brexit thread here (General Chat) - SCC 28, Oct 2, 09:42:26
        
        Yes I'd seen that (General Chat) - Dunney, Oct 2, 09:51:27
      - Quite (General Chat) - CWC, Oct 2, 09:10:39
        
        lilac - that's what you get when you mix red, white and blue entut? (General Chat) - Ralf Scrampton, Oct 2, 10:14:36
        
        shit coloured brown (General Chat) - CWC, Oct 2, 11:46:14
- As an 'accountant' I'd go fixed for 2 years (General Chat) - Worthing Yellow, Oct 2, 07:18:02
  - Tracker always (General Chat) - jonnym6, Oct 2, 10:09:24
  - Tsb 10 year fix and flex (General Chat) - CWC, Oct 2, 07:27:23
    - Not bad depending on rate... I'd have to do a discounted cash flow (n/m) (General Chat) - Worthing Yellow, Oct 2, 08:27:03
  - Any idea when it will improve (General Chat) - SCC 28, Oct 2, 07:26:07
  - but if the economy doesn't improve (General Chat) - ghostof barry butler, Oct 2, 07:25:08
    - Easier to budget but you'll have to pay more for the privilege (General Chat) - Worthing Yellow, Oct 2, 08:23:29
- Hedge your bets and open a hedge fund (n/m) (General Chat) - essexcanaryOTBC, Oct 2, 07:08:29
- Fixed. Inflation will rise and interest rates will follow. (n/m) (General Chat) - Augustus Pablo, Oct 2, 07:01:51
  - They probably will but not rapidly... (General Chat) - jonnym6, Oct 2, 11:11:29

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