Right, so what are interest rates doing in the next 6, 12, 18 months?

My five-year fixed rate 4.7% mortgage ends at the end of the month. Do I fix again, with no fee, at 5.85% for 24 months (got to be the wrong thing to do???), or go on a tracker rate for a bit and see what happens?

I can get a discounted fixed rate for 24 or 36 months, but I'm f**ked if I'm stumping up a thousand pounds for the privilege.

Posted By: Arizona Bay on September 18th 2008 at 22:52:33

Message Thread

Right, so what are interest rates doing in the next 6, 12, 18 months? (General Chat) - Arizona Bay, Sep 18, 22:52:33
- You get a professional in (General Chat) - DPLOTBC, Sep 18, 23:12:51
- guesswork! (General Chat) - WalterTheSofty, Sep 18, 23:12:20
  - Fixed Flexible (General Chat) - DPLOTBC, Sep 18, 23:14:49
    - IMHO... (General Chat) - WalterTheSofty, Sep 18, 23:18:51
      - See below (General Chat) - DPLOTBC, Sep 18, 23:21:13
      - Sounds sensible, but here's what I was thinking. (General Chat) - Arizona Bay, Sep 18, 23:20:44
        
        int rate fall doesnt nec mean that your mortgage rate will fall (General Chat) - WalterTheSofty, Sep 18, 23:24:39
        
        And (General Chat) - DPLOTBC, Sep 18, 23:23:58
        
        Thank you Dan, Walter. (General Chat) - Arizona Bay, Sep 18, 23:28:25
        
        stuff the (General Chat) - DPLOTBC, Sep 18, 23:33:38
        
        Ha ha. You're on the hard sell. (General Chat) - Arizona Bay, Sep 18, 23:36:32
        
        Just a slow time (General Chat) - DPLOTBC, Sep 19, 00:08:22
        
        SVR (General Chat) - DPLOTBC, Sep 18, 23:22:53
    - Overpay?! (General Chat) - Arizona Bay, Sep 18, 23:16:13
      - Yes (General Chat) - DPLOTBC, Sep 18, 23:20:27
        
        "when do you see the market being back where it was 18 months ago" (General Chat) - Arizona Bay, Sep 18, 23:23:46
        
        Welcome (General Chat) - DPLOTBC, Sep 18, 23:25:52
  - I am really really really shit with money. (General Chat) - Arizona Bay, Sep 18, 23:14:04

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