S
shergar
Guest
i need to fix my mortgage with aib and have been looking at their rates for five and ten years. i currently pay 3.25% on my variable. I have been offered 5 years at 4.39% and 10 years at 5.2% not bad after hearing of last weeks rises by some lenders. I am erring towards the 10 year option but am unsure and need some advice. I am worried if i dont make my mind up before monday i may well miss the boat. I am no expert but from what i have been hearing the ERC rate should rise to 3/4% soon enough and i am currently paying 2.25% over their rate so a ten year option seems to make sense. I have no knowledge of the markets or interest rates and would really appreciate any advice i can get. Would 5 years be long enough to ride out the storm??