Mortgage deal ending

[DTKOAG]

https://www.bbc.co.uk/news/live/business-64457377

 

[BlueHammer85]

can anyone take a wild guess where mortgage rates will be in November ... over 6% or dropped down ?

 

[es1]

we're just remortgaging...4.67% i think upping our monthly payment by appx £150...joy

 

[BlueHammer85]

we're just remortgaging...4.67% i think upping our monthly payment by appx £150...joy

2 or 5 years ?

 

[es1]

2 or 5 years ?

2, hoping they go down a bit after a few years

 

[BlueHammer85]

Is it possible they just drop in a few months?

 

[es1]

Is it possible they just drop in a few months?

really hard to say...rates are still changing very quickly

 

[Cellarite]

I think my fixed rate ends in December. Is it worth waiting a few months?

 

[BlueHammer85]

I think my fixed rate ends in December. Is it worth waiting a few months?

Same predicament
I’ve a feeling if I fix now they’ll drop like a stone in a few months or if I wait it out they continue to rise

 

[Uncle Wally One Ball]

Same predicament
I’ve a feeling if I fix now they’ll drop like a stone in a few months or if I wait it out they continue to rise

They arent going to drop and certainly not like a stone, in my opinion. They will go up again, then stay at that level. Personal view