Your personal finance questions – Should I give up my tracker mortgage now that interest rates are rising fast?

QI am on a tracker mortgage, so my mortgage debts have risen twice since last July following the European Central Bank’s two interest rate hikes. The interest rate on my tracker mortgage was 1.5% before the ECB started raising the rate in July. It is now nearly double at 2.75pc. Tracker mortgages have always been considered gold dust, but I am now considering adjusting my mortgage as I fear the ECB may raise its rates again in the coming months, which would push my mortgage debts even higher. Would it be a good idea to give up my tracker and fix my mortgage?


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