2 or 3 year fixed?

[LaserLips]

My current 1 year fixed mortgage is up for renewal. Given current ECB rate increases etc. Should I go for 2, 3, 5 (or even 10) year fixed at this point?

 

[LaserLips]

Just reading other threads. Tracker seems to be the way to go. I guess the thinking is, the ECB rate will level off and eventually fall.

 

[idontknow]

Does anyone have any idea of timescales? i.e. whether rates will increase in 08/09 or will it level off at the end of this year and start reducing? or will there be further increases in 08 and will take longer to reduce??? We're thinking of going for 2-3 year fixed.

 

[ClubMan]

All speculation. As above see the many existing threads about fixed versus variable/tracker rates.