Fixed rates represent good value

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Earlier this week, when reviewing prospects for fixed rate mortgages, we looked at our rates archive. 

5 year fixed rates 

2002 6%

2004 6%

2006 5%

2007 5%

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

2015 3.6%

2018 3% 

 ( 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

Fix now