Brokers have described a vicious circle of lenders putting up rates at short-notice, then borrowers grabbing deals, leaving lenders inundated and having to pull or raise rates again.
Apparently it’s our fault for actually buying the things on the market.
God forbid you grab a deal, the next rise will then be on you! (My wife talked me into a five year fix in 21 when I only wanted to go for two - I’m very grateful to her for that (well, for the time being, god knows what rates will be like in 2026))
Brokers have described a vicious circle of lenders putting up rates at short-notice, then borrowers grabbing deals, leaving lenders inundated and having to pull or raise rates again.
Apparently it’s our fault for actually buying the things on the market.
I’m starting to wonder when they will come down, I hope it’s back around 3% in 2025 when I need to renew
God forbid you grab a deal, the next rise will then be on you! (My wife talked me into a five year fix in 21 when I only wanted to go for two - I’m very grateful to her for that (well, for the time being, god knows what rates will be like in 2026))