When Is the Best Time to Fix?

Unfortunately there is no best time to gain any advantage in fixing your mortgage, or part of it. There is no evidence in the last five years to suggest a particular week is the one to target for the best deal. Historical statistics on a three-year fixed rate loan show the average margin was 1%. We have seen figures as high as 1.85% and as low as 0.43% above the money market rate.

When timing your move to a fixed rate, it is essential to monitor the money market rate. This is available as a table in the finance section of most newspapers.