LMS has reported that 52% of borrowers expect interest rates to rise within the next year, with 30% saying they think any changes are more than a year away. With the next interest rate decision on the horizon, expectations may change in coming months, and we’ll have to wait and see what effect this will have on remortgage volumes. 95% of those who remortgaged in December did so with a fixed rate product. Just 2% of borrowers chose a variable or tracker rate mortgage, with these products off the table for the majority of remortgagers. Purchases of 5-year fixes grew from 43% to 46%, with 2-year fixes falling to 39%. 5-year fixes remain the most popular products, and we are still yet to see 10-year fixes make a significant dent in the market with just 3% of borrowers choosing such a deal. Andrew Masterson, Company Director of The Mortgage Bureau has recently been interviewed by ITV with regards to current interest rates and mortgage deals coming to an end. Please click the following link to watch the interview https://www.youtube.com/watch?v=Yp-P6HkQp6Y&feature=youtu.be. For help in choosing your next mortgage deal, call The Mortgage Bureau on 01284 337069. Your One Stop Mortgage Shop! https://local.google.com/place?id=1647018459384677851&use=posts&lpsid=8644863957897712692