Is Now A good time to fix interest rates?

B

Bonafide

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I have a 250k mortgage and am on a tracker @ 3.1% APR at the moment.

I can get 5 yrs fixed @ 3.6% APR.

If we are to believe Niall Dunne in the papers yesterday, my tracker will be 3.6% by next March/April anyway.

I am wondering what people thought of fixing my mortgage rates now.
 
Plenty of previous discussions regarding this query. As said before if you need the security of knowing what your payment is each month then go fixed and treat the difference as a type of insurance policy.

don't try to second guess the experts. Word of warning remeber Niall Dunne has been spouting on about interest rates going up for months now .... he will eventually be right but he does work for Ulster Bank after all and interestingly enough there fixed rates are quite low....

Now we all know banks dont give away money so CAVEAT EMPTOR!!
 
Its a mugs game trying to guess where the market will be in a few months time. Don't believe everything you read. Some of these so called experts have been saying this for a long time. I've no douth interest rates will rise in the future but when.......
If you were to fix now at 3.6% it will be aug before you break even.
 
The "house rule" on AAM is don't ever fix unless you'd end up on the streets in the event of a 2-3% rise in rates (or more if you're particularly conservative).Has anybody out there ever made money through a long-term succession of fixes?
 
Niall Dunne has been incorrect on the timing of rate rises for around 12 months now.
 
How muck more a month would it be

Bonafide said:
I have a 250k mortgage and am on a tracker @ 3.1% APR at the moment.

I can get 5 yrs fixed @ 3.6% APR.

If we are to believe Niall Dunne in the papers yesterday, my tracker will be 3.6% by next March/April anyway.

I am wondering what people thought of fixing my mortgage rates now.
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