2010 so far is showing that Tracker Mortgages are proving popular.

Ok so we’re only 3 weeks into the year, but studies show that more people are now opting for a Tracker Mortgage than at any point since the end of 2008.

Why is this you may well ask? Well with the average difference between the best fixed rate mortgages and the initial rate on the best tracker mortgages, it will take a substantial rise in the bank rate for the borrower who takes out a trackers mortgage to be a lot worse off than one on a fixed rate mortgage.

This entry was posted on Thursday, January 21st, 2010 at 1:22 pm and is filed under Housing Market, Mortgage Rates, Mortgages, interest rates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.