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The Bank of England decided to keep interest rates on hold last week - the third month in a row that they have done so. But how long will this last?
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Many experts feel that a further quarter per cent increase in base rates is likely next month and this could in turn lead to a further rise in mortgage rates, although Swap Rates - the money market rates on which most fixed rate deals are based - have already been rising over the last couple of weeks in anticipation of a further base rate increase.
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So, should you fix your rate now or opt for a variable discounted rate or a base rate tracker which will follow any changes in base rates?
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