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Poll: Can fixed rates fall further?

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  • 28/06/2013
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Poll: Can fixed rates fall further?
Following announcements in the United States there is much speculation over the future of fixed interest rates.

US Federal Reserve chairman Ben Bernanke announced last week that is was planning to slow down its quantitative easing programme, prompting a surge in the price of five and 10 year swap rates.

This caused Paragon to pull its entire range of fixed rate buy-to-let mortgages earlier this week and Ray Boulger, writing in a column for Mortgage Solutions, said that rates had likely bottomed out.

“The best case scenario for fixed rate mortgages is that the most competitive rates remain at current levels,” he said. “But a more likely outcome is that we will bounce off the new all-time low just reached and the only question is when rates rise, by how much and how quickly.

“On that basis the message for consumers is that if you want a fixed rate mortgage there is nothing to be gained by waiting and a very real risk you will end up paying more if you do.”

The latest Mortgage Solutions People’s Poll asks whether you think rates have bottomed out, or whether they could still fall further.

Click HERE to have your say.

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