E
eladnova
Guest
I wonder if anyone could offer some opinions about Mortgage options. I realise this is not a place for official advice...just looking for informal thoughts.
The first 2 years of our Fixed Rate Mortgage at 4.540 is up at the end of January and our bank is asking us wether we want to run with a variable or fixed rate. Variable at 3.750 and 2 yr fixed at 4.390
I've been happy enough on the fixed but our repayments over 30 years were about 1500 per month and am inclined to run with a variable now as the rates look better and have come down.
My big question is, with the 'current economic climate' yada yada yada, do you think variable rates are a better option for us and are they likely to stay low during a recession?
Many thanks
The first 2 years of our Fixed Rate Mortgage at 4.540 is up at the end of January and our bank is asking us wether we want to run with a variable or fixed rate. Variable at 3.750 and 2 yr fixed at 4.390
I've been happy enough on the fixed but our repayments over 30 years were about 1500 per month and am inclined to run with a variable now as the rates look better and have come down.
My big question is, with the 'current economic climate' yada yada yada, do you think variable rates are a better option for us and are they likely to stay low during a recession?
Many thanks