9
Mortgage rates increasing again – so do brokers think now is a good time to fix?
(www.moneysavingexpert.com)
this post was submitted on 15 Nov 2024
9 points (100.0% liked)
United Kingdom
4108 readers
267 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There seems to be a common misconception that mortgage interest rates are linked to the BoE rate, which if you’re out of your initial fixed period is somewhat true, however the majority of deals are more influenced by swap rates, such as SONIA. The rate drop had already been priced in over the last month or so, and now with the uncertainty surrounding the US since the election, and the recent budget, rates are starting to creep up again.