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I think there is an expectation that they'll remain low for some time.
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With a recession likely in the near future I’d imagine they will continue to remain low. Not sure the current very low rate will remain that whole time though. We’re going for a 5yr fixed
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The Bank of England publishes daily estimated yield curves for the UK.
Basically the same for the next couple of years, rising from year 5 to year 10, plateauing for 10 years, then dropping again.
(That's based off UK gilts - I can only assume that the GBP swap curve is similar, and mortgage rates track that bit more closely I believe).
Interesting to note that the near term curve has shifted up in the past month.
andyp
Tenderloin
NotThamesWater
@aggi
Any thoughts on what interest rates may do in the next few years. Obviously a bit of a how long is a piece of string question.
My instinct is to fix for five years but we're pondering a loft conversion in a couple of years that would be partly funded through the mortgage.