Thisismoney.co.uk - Mortgage rates are falling: Should you hold out for a cheaper deal?
Mortgage rates are falling by the day, as an interest rate cut is widely expected next week and lenders compete fiercely for customers. Today, HSBC cut mortgage rates for the second time this week having already launched more than a dozen fixed rate deals below 4 per cent on Monday.
'If you are in the position to hold out for a cheaper fixed rate then its probably not a bad idea at the moment with multiple reductions to the base rate expected,' says Aaron Strutt of mortgage broker Trinity Financial.
'In the past we have seen fixed rates come down on the back of base rate cuts and with so much economic uncertainty if you can hold your nerve you may well end up with lower monthly repayments.'
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