It feels paradoxical so I thought I would confirm here. But it seems that going fixed and locking in the current high rates makes more sense than choosing variable.
Even if ECB rates do come down, variable rates may not follow quickly.
I guess it's a quirk of the Irish deposit market that new buyers are incentivised to fix.
I assume that if rates do fall that it will be expense to break a fixed mortgage
Even if ECB rates do come down, variable rates may not follow quickly.
I guess it's a quirk of the Irish deposit market that new buyers are incentivised to fix.
I assume that if rates do fall that it will be expense to break a fixed mortgage