3 year fixed rate mortgage pricing reaches an historic low.
According to recent data, 3 year fixed rate mortgage deals hit an historic low in September.
Between August and September this year, average 3 year fixed mortgage rates fell by 0.14% taking them below 4% for the first time since 2007.
For those looking for more security than a shorter term 2 year fix, a 3 year fix is a good option. While 5 year fixes offer even longer term security rates are on the rise making the 3 year fix even more attractive at present.
As rates have fallen over the last few months fixed rate deals have become the mortgage of choice for 9 out of 10 applicants.
There are now far more affordable mortgages on offer than 12 months ago. As rates have fallen and deals become more competitive at lower deposit levels, more buyers have been able to purchase a home, remortgage or move up the property ladder.
If you are looking for a 3 year fixed rate mortgage call a Deal Direct adviser for a whole of market mortgage comparison.
We can find you the best mortgage on offer tailored to suit your available deposit and financial needs.
For advice and a low rate quote call 0800 048 8828.
