Who is fixing their interest rate?, page-19

"Greater Building Society cuts one year fixed-rate loan to 3.99%."

Expect the big four to follow shortly...not to 3.99%...but to probably around 4.5% for 1 year fixed. The banks are hurting. Borrowing is still subdued and they need to attract business.

So if you wait 6-8 weeks-and ignore the carrot that is 4.99% for 5 years- you will be rewarded with lower 1 and 2 year fixed rates.

It's a done deal.