Interest rates: How do I know when a trend is about to change?
It is a good idea to take out cheap money market mortgages for as long as possible and to only switch to fixed-rate mortgages if interest rates start to rise over the long term. You should also closely track interest rate trends if your mortgage is going to expire in the next year or so. It can also be worth fixing the interest rate for a new mortgage a number of weeks or months in advance. The mortgage monitoring system offered by VZ automatically notifies you by e-mail as soon as interest rates exceed or fall below an individually defined threshold.