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Homeowners urged to get fixed rate mortgage deals

08/06/2009


A number of borrowers are being told to consider locking into new low fixed-rate mortgage deals.

During the last few weeks lenders have cut their fixed rates and more new products have become available.

Francis Ghiloni, director of a realpricecomparison.com spoke on the subject explaining that there is the possibility of a rate rise in the future after positive signs in the housing market.

Ghiloni commented futher: “It would seem we have reached the bottom for interest rates, the next move, whenever that happens, will be upwards. Borrowers with concerns about mortgage affordability should consider fixing sooner rather than later. The deals on the market now won't be around for ever."


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