Is This The Time To Arrange A Fixed Rate Remortgage?

When the 0.05% Bank Of England base rate was introduced it was hoped it would liven up the economy and encourage lending at low interest rates and therefore enable people to take out loans, mortgages and remortgages, all necessary for a healthy economy. It was thought it would encourage pople to obtain a mortgage or remortgage in order to move house which would have the added benefit of bolstering the ailing property market. This was the intention, but as in the old saying "The Road To Hell is paved with good intentions" things have not worked out as hoped. Interest rates have already started to rise. Most worrying is that the 70% state owned Royal Bank of Scotland has withdrawn many of the lower interest remortgage products. The Northern Rock Rates have also risen, and as everyone knows this society is 100% state owned. As such it would be wisesider a fixed rate remortgage now.