Opt for a fixed rate mortgage if you are concerned interest rates will rise.

Interest rate rise predictions are of concern for many mortgage-holders because any increase will impact mortgage costs and the rates on offer. 

BoE Governor Mark Carney previously stated that when jobless figures fell to 7% interest rates would rise. He predicted that this would happen in 2016. The BoE has now revised its statement saying it anticipates unemployment could reach 7% in the second half of 2015. This is one year earlier than previously predicted.

Interest rates could rise as early as 2014.

Analysts are now saying that jobless figures are falling even faster, which could mean the interest rate could rise as early as next year.

The warning for mortgage-holders is to think carefully about what could happen if mortgage rates do rise, could you afford to pay more for your home?

The advice is before rates are hiked, lock into a competitive fixed rate mortgage to avoid any cost increase.

Lock into a fixed rate deal while rates remain at record lows.

Fixed rate mortgage are currently set at rock bottom levels and there are currently many cheap deals available at all deposit levels. If you are concerned about a potential rate rise, avoid the panic and locked yourself into a low rate mortgage now while you can.

If you want to know what rate you can achieve why not make an online search right now? Just click below and within seconds you will have a list of the most competitive fixed rate mortgages to suit your circumstances.

You can choose varying terms from 2 to 10 years, choosing which deal is right for your needs will depend on your personal circumstances. Before making any decision on which fixed rate mortgage to choose speak to an adviser at Deal Direct on 0800 048 8828.

Begin your online search now by clicking below.