mortgage? fixed rate or variable?

G

grahamo

Registered User
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The fixed rate term on my mortgage is up this month. the thing is, I can't decide whether to go with the variable rate or sign up for another 3 year fixed rate term. I'm 3 years into the mortgage and with interest rates rising consistently over the last 18 months it would probably make sense to sign up for another fixed rate term. However, i'd rather go with the variable rate. Will interest rates continue to rise or will they plateau. what does everyone think?
 
"Experts" are forecasting ecb rates to rise by another 0.5% this year. Tey could be right - or wrong. Why not split the risk and fix half of your mortgage and put the other half on a tracker? Most lenders should have no problem with this if they want to keep your business. If the LTV is under 50% - consider NIB or AIB for trackers.
 
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