What will happen to interest rates?
No-one can accurately predict what will happen to interest rates. Many people make a good living watching the financial markets and coming up with financial forecasts but no-one is ever 100% accurate.
Generally the rule is as follows:
- If interest rates are on an upward trend, a fixed rate will protect you from further increases.
- If the interest rates are falling, a discounted variable rate should reflect these falls.
However, it is worth remembering that mortgages are taken out for a long period of time and over that time interest rates will rise and fall.
Our mortgage lenders follow the financial markets and forecasts. They are best placed to advise and guide you on exactly the best mortgage, tailored for your needs and depending on what the financial market is doing at the point you request a mortgage, given trends of the financial markets.
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