Locking in the rate or staying flexible? Mortgage refinancing around an interest rate shock
The study finds that UK borrowers shifted toward two-year fixed mortgages despite higher pricing after the 2022 rate shock, seeking flexibility and rate protection rather than minimizing immediate costs.
Featured in No. 133 on 2 Oct 2026 · 11 days after release
- Released
- 21 Sep 2026
- First featured
- No. 133 · 2 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:boe:boeewp:023579
- Authors
- Philippe Bracke et al.
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