Today is rate decision day

1 min read Published: 04 Mar 2010

Today (the first Thursday of the month) the Bank of England will announce whether interest rates will remain at 0.5%. It is widely expected that they will especially given the stuttering recovery of the UK economy.

Obviously, if Bank of England increase interest rates then millions of households, with standard variable/ variable / tracker mortgages, would find their monthly mortgage payments rise.  So is it worth fixing your mortgage now while rates are low? The answer to this depends on your situation, for example how much equity you have in your home.

But for help in finding the answer to the question 'Should I fix my mortgage rate now?' see my post below

To fix or not to fix - That is the question?