Is BoI likely to drop fixed rates?

[podgerodge]

Reading recently that mortgage rates are likely to drop further in the near future, does anyone know if BOI are likely to follow suit? Recently approved for 5 yr. fixed at 3.2% but if rates drop before draw down the hope is that lower rate could be availed of.

 

[Copacetic]

That rate should be 3.0 now, they have moved their 5 and 10 year rates down, weirdly now only .1 between their 1,2,3 year and 5 year rates.

I’m coming to end of a year at 2.8 and they seem to be now saying 2.9 is best they can do, but that seems likely to change, the question is when...

 

[Blackrock1]

Reading recently that mortgage rates are likely to drop further in the near future, does anyone know if BOI are likely to follow suit? Recently approved for 5 yr. fixed at 3.2% but if rates drop before draw down the hope is that lower rate could be availed of.

are you switching for cash back or an existing customer.

if existing move elsewhere, 2.5/2.6% available for 5 years with ub depending on the size of the loan