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thinking about fixing mortgage

RobAMerc · 2017-07-20 19:20:24

Bank offering 2.9 for 1yr, and 3.05% for 5years fixed. I think we are about to enter a bit of a cycle of interest rates hikes - maybe a year or so out but still... What do folks here think ?

20-07-2017 7:20pm

#1

RobAMerc

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Bank offering 2.9 for 1yr, and 3.05% for 5years fixed.
I think we are about to enter a bit of a cycle of interest rates hikes - maybe a year or so out but still...

What do folks here think ?

0

Comments

#2 20-07-2017 8:20pm

JTMan

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Ulster Bank are offering 2.60% fixed for 4 years on 300k+ and a LTV of up to 80%. More here.

People need to consider (1) future direction of rates and (2) future direction of competition, if competition increases rates will decrease.

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