Given the current market uncertainty and relatively high rates right now. What would people recommend would be the best period to fix a fixed rate mortgage for?
I have been offered a deal to stick with the YBS on 5.94% with and offset account which can be fixed for 2,3 or 5 Yrs.
I'm not sure what period to fix it for? We do not anticipate moving within the next 5 years but like everyone - I would like to pay less for my mortgage and hence live in hope that within 2yrs rates would be lower and therefore I would save more by remortgaging within two years.
Has anyone got a crystal ball or have a feeling what rates will do over the next 5years?
Thanks
ND