As interest rates rise to new highs, should you fix your mortgage rate now or hold out in hope of them going down? This is a big question facing borrowers who are coming to the end of their fixed mortgage term or who moved onto variable or tracker rates recently while waiting for rates to fall.
Last week, the Bank of England increased the base rate for the 11th time in two years, this time bumping it up from 4% to 4.25%. It is uncertain whether the central bank will raise rates when it meets again in May, but many experts expect that it will.
