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Interest rates went up, but mortgage rates went down (except for variable/tracker rates, which were far cheaper than the fixed rates)
Which lender are you with? A lot of the bigger lenders dropped their rates at the end of last year, so I'm expecting some further rate decreases, though maybe not dramatic.
Having said that, 4.8% fixed for 2 years with no fee is significantly better than what you would have got in Nov 22. As an example, Natwest had a 2 year fixed with no fee at 6.74% at end of November.
Acliff
Hah, yeah, I did that, then interest rates went up again - and does anyone think they are coming down this year, now?
I'm also totally beholden to my current provider as my mortgage is in two bits, one part (the smaller, thankfully) rolling over end Jan, the other bit rolling over Jan 2025. The SVR is currently 6.25%, and they can offer me a fixed two year no fee at 4.8%.
HAPPY DAYS