Money Insider: Have fixed mortgages bottomed out? - Mortgages, Money - The Independent
During the last two months, we've seen the cost of fixed-rate mortgages fall to an all time low, with some jaw-dropping deals on offer.
The sharp decline in mortgage pricing mirrors the trend seen in the money markets, with swap rates for money falling from 3.24 per cent in February to just 1.84 per cent last week.
Even though we've never seen mortgages cheaper than they are now, there will still be some people delaying their decision to switch in the hope that rates will fall even further.
It is human nature to always want to get the very best deal you can, but if you hold out too long there is always the risk that the tide will turn and before you know it, rates are on the rise again.
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