And the fixed rate "limbo" is under way, which is great news for anyone who wants to fix their mortgage interest rate but not so good for those looking to put money into a fixed term deposit. ING announced 1, 2 and 3 years fixed at 6.39% late yesterday making the other 3 lenders who announced their cuts seem pretty...well, pedestrian. So the big question is how low can they go? Time will tell but it certainly appears that there will be some further rate discounting in the near future. Stay tuned and start stretching- the limbo may prove to be just too tempting!
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