Swap market rates

TC2015

Registered User
Messages
7
Hi, as most banks use this data to calculate break costs on a fixed rate mortgage is there anywhere I can access historical data for swap rates??

I intend to break out of a 3-year fixed rate with Ptsb soon.

Any link to the info or assistance would be appreciated.
 

Trixie

Registered User
Messages
11
Hi,

I am thinking of going into a fixt rate mortgage for 3 years with Ulster Bank the rate they have offered is 2.75%. I never had a fix rate before. I
am currently on t 3.80% with them.

Ulster Bank are saying mortgage rates are going to increase. I am not so sure, country growing.

I am concerned about been tied into a fixed rate for 3 yrs.

What do people think, is it a good time to fix or should I stay on the variable rate.
 

Coldwarrior

Frequent Poster
Messages
114
Rates will likely start to rise early next year, fix now for as long as you can IMO, especially if your current rate is 3.8%. I can't post a link here to where to view historical swap rates but google 'the ice swap rates' and you'll find it.
 

MacktheKnife

Registered User
Messages
12
Inflation is not hitting the targets the ECB have set, they indicated during the week that QE may have to go on for longer than anticipated.
Therefore i think it is doubtful that rates will rise next year.
 
Last edited:

cremeegg

Frequent Poster
Messages
2,740
What do people think, is it a good time to fix or should I stay on the variable rate.
Rates will likely start to rise early next year.
i think it is doubtful that rates will rise next year.
AAM, where the smart money gets it's advice.

The truth is that nobody knows the future, even the future direction of interest rates.

I could say that your guess is as good as anybody else's but actually that is not likely to be true. It is likely that the banks guess is better than yours. That is why it is foolish to try to out guess the bank. Especially to bet your mortgage on your attempt to out guess the bank.

If a guaranteed 2.75% for 3 years is attractive to you with certainty around the amount of the payment then go for it. But know that either way you cannot be sure in advance that you have chosen the cheapest option.
 
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