Hi
My fixed rate deal with PTSB expires shortly.
If I don't pick a new deal, I default to a Tracker. A new fixed rate would cost me approx €70 to €100 a month extra over the current Tracker rate, for periods up to 10 years.
I can afford the extra, but am unsure whether current thinking is that rates will rise enough over a reasonable period to make the fixed-rate worthwhile.
Trackers seem very popular at the moment, I'm sure there is good reason for this?
I know it's a guessing game, but would appreciate any input.
Thanks
My fixed rate deal with PTSB expires shortly.
If I don't pick a new deal, I default to a Tracker. A new fixed rate would cost me approx €70 to €100 a month extra over the current Tracker rate, for periods up to 10 years.
I can afford the extra, but am unsure whether current thinking is that rates will rise enough over a reasonable period to make the fixed-rate worthwhile.
Trackers seem very popular at the moment, I'm sure there is good reason for this?
I know it's a guessing game, but would appreciate any input.
Thanks