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Some of these offer fixed rates over fixed terms, while others offer instant access.
CHART: INDEX FOR ADJUSTABLE RATE MORTGAGES: 1-year Treasury rate Chart line graphs for both 3--year fixed rates and 15-year fixed rates.
These securities have floating rather than fixed rates.
However, by then the best fixed rates will have long gone".
Shouldn't I take advantage of the relatively low fixed rates while I can?
Long term fixed rates are also heavily penalised and this is a problem.
That lesson was ignored because fixed rates have such clear attractions when things are going well.
The week before, Halifax knocked up to 0.35% off its fixed rates.
"The proportion of new mortgage lending contracted on fixed rates has increased considerably since the low point in 2010, when less than half of lending was on fixed rates.
Bank of Ireland and Bristol & West both offer five-year fixed rates at 6.5percentnt, says Hollingworth.
It said it made $3.4 billion of mortgage loans from January to September, of which 95.8percentt carried fixed rates.
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