Interest Rates

It’s hard to write about mortgages every month and keep it interesting!  This month has been easier with the landscape subtly changing, mostly for the better.  Apologies the summer photo.  I had contemplated putting a picture of rain clouds!  On the positive side, the lettuces in the garden are growing like weeds.  Baby Cos =

Should you fix or float? One thing is for sure you need to know what mortgage rates you can negotiate before trying to decide what option gives you the best value-for-money

As expected the OCR didn’t change today. A rate increase is still just around the corner but the outlook for low mortgage rates is still promising. If you intend to fix, then I’d still get it done now rather than second-guess this market

There’s bit a fair bit of coverage given to the inflation rate this week and a probable increase in interest rates later this year. Here are my thoughts and what it means for your mortgage

My imaginary interest rate meter has moved up to AMBER. With increased talk of growth and inflation there is a risk that mortgage rates start to increase earlier than expected. If you are wanting to fix, then I’d recommend fixing part of your mortgage now