Mortgages: Stick or Twist?
The Martin Lewis Podcast
00:00
Is Fixed Rates More Expensive Than Variable Rates?
There's something very interesting that goes on in the mortgage market. Fixed rates are based on swap rates, which you could argue are the city's long-term prediction of interest rates. variable rates arebased on Bank of England interest rate, which has just gone up to 2.25%. So this means for a long time, we've had fixed rates which were not much more expensive than variable rates.
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