If you're considering a fixed rate mortgage then now might not be the best time to do so according to Stroud & Swindon.
It's expected that interest rates will still continue to fall despite a decrease in the base rate only last week. This means that taking on a fixed rate mortgage now could mean you're paying over the odds.
Paul Chafer, Commerical Director for Stroud & Swindon commented, "It may make more sense to wait until interest rates reach a point at which you are comfortable with, and then arrange a fixed rate mortgage."
Tracker mortgages continue to grab all the headlines and most providers are still confident they represent the best value for money.