Martin Lewis was "triggered" by a viewer's question on tonight's Money Show Live.
The consumer champion returned to front another edition of his popular ITV programme on Tuesday. The latest episode was a housing special as the finance guru explained a number of issues facing the markets.
Martin was joined by three housing experts as they shared their opinions on what could happen to mortgage and rental rates. Rates shot up in the wake of Liz Truss and Kwasi Kwarteng's disastrous mini budget in September.
READ MORE: Martin Lewis shares warning for anyone who has an email address
Martin explained the current rates are easing slightly as the experts shared their predictions on what will happen over the course of 2023. A viewer named Kayleigh contacted the show as her fixed mortgage rate is set to end in December.
She asked: "Is it best to fix again or go into variable to see if the rates come down?" However, Martin said the question "triggered a warning" he wanted to give as he sent a separate message for people waiting for rates to get better.
He said: "I've been quite concerned over recent months as many people have got in touch with me and said am I doing this until rates go back until the cheap rates we have had.
"I need to be very plain. If you're under 35 you might not realise that the rates we had from 2008 until last year, they weren't low. They were limboing well below the prior 300 year historic lows for interest rates.
"We have lived through an anomaly time so there is absolutely no rule that says things must go back to how they were. I'm not saying they won't, but there is no rule that it must.
Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here
Rare 50p coins worth up to £140 to look out for
Universal Credit claimants could be owed £500 extra cash
Iceland fans 'clearing freezers' over 'unreal' new snack
I tried a £40 Aldi SpecialBuy and it's honestly worth three times the money
