so finally we're out of our 3 yr fixed mortgage - and have the following options from our friends at BOI
Variable 3.2% €1,899
Fixed 2yr 3.5% €1,962
Fixed 3yr 3.95% €2,059
Obviously rates are not going to drop in the next couple of years (I'm led to believe), so my initial thinking was fix for 3. But if rates are going to be steadily increasing over the next few years wouldn't fixing for 2, then fix again presuming that rates will be still going up?
I know this is pie in the sky, but I'd be interested to hear anyone's thoughts.
cheers,
Variable 3.2% €1,899
Fixed 2yr 3.5% €1,962
Fixed 3yr 3.95% €2,059
Obviously rates are not going to drop in the next couple of years (I'm led to believe), so my initial thinking was fix for 3. But if rates are going to be steadily increasing over the next few years wouldn't fixing for 2, then fix again presuming that rates will be still going up?
I know this is pie in the sky, but I'd be interested to hear anyone's thoughts.
cheers,