Fixed rates represent good value
Earlier this week, when reviewing prospects for fixed rate mortgages, we looked at our rates archive.
5 year fixed rates
2008 6% Crash!!
Deflationary environment brought about by Global Banking Crisis and subsequent quantitative easing programme ( Printing money by European Central Bank) then leading to lower rates follows
( Later this year quantitative easing will cease as European economies return to growth and inflation rises). With Higher inflation interest rates will go up.
2019? Fixed rates expected to rise