Thisismoney.co.uk - What next for mortgage rates - and how long should you fix for?
The lowest fixed rate mortgage deals have dipped below 3.8 per cent - and there is an expectation that rates may fall slightly further. Four of Britain's biggest mortgage lenders recently cut rates across their home loans to best buy levels.
Mortgage broker Aaron Strutt of Trinity Financial thinks there is still room for rates to fall a little from here. 'Mortgage lenders are still cutting their rates despite the higher inflation figures.'
Aaron told Thisismoney.co.uk: 'Even with everything that's going on with the economy and global affairs it still seems like rates are heading down. I would not bet against rates being closer to 3.5 per cent over the coming months, but as we have seen so many times before almost anything can happen. If you get the chance to take a rate anywhere near 3.75 per cent you are doing very well.'
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