Fixed rate mortgage versus variable rate

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i'mcurious

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Hi All,

I'm taking out a mortgage with BOI and I'm wondering in this current environment is it better to go with a couple of years fixed rate mortgage or just go straight into a variable rate?

From my understanding the ECB rate is very low at the moment which should be a good thing. However the banks are actually charging high interest rates so maybe that outweighs any good in the low ECB rates?

I heard before that you always pay less in the end with a variable rate. Do people agree?

Any suggestions or comments would be welcome.
 
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