Fixed mortgage rates: get a move on before low rates come to an end.

You should be taking advantage of lenders cheap fixed mortgage rates sooner rather than later, as rates are predicted to increase over the summer months.

Money market rates, and in particular swap rates, have been rising for some time. As lenders experience an increase in their funding costs, it is anticipated that before long they will be passing these costs onto mortgage-holders in the form of higher rates.

Historically low fixed mortgage rates may not remain on offer  much longer so act now to avoid missing out on a cheap deal.

If you have been waiting until mortgage rates 'bottomed out' before locking to a new deal, you may find now is the time to act as rates may not go much lower.

Now could be the best time to lock into a new deal before rates climb to higher levels.

The best rates currently on offer for a 2 year fixed rate mortgage start at 1.64% from the Chelsea Building Society, 5 year fixed rates start at 2.44% from the Yorkshire Building Society and 10 year fixed rates start at 3.89% also from the Yorkshire Building Society.

With a fixed rate mortgage you gain security in the knowledge that your mortgage payments cannot rise, regardless of market changes. You can budget and better prepare your finances. With rates predicted to increase now could well be the time to lock into a longer term deal.

Whatever your deposit level Deal Direct can find you the lowest fixed mortgage rate to match your circumstances.

We review all offers on a 'like for like' basis ensuring you do not get caught out by large fees, we can find the most affordable mortgage for your circumstances.

For advice and lowest mortgage rates,

call an adviser on 0800 048 8828.