14-08-2009, 10:01 AM
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WRX Hi Five Club
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Join Date: Jul 2005
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Yeah well I suppose the banks have a better idea of what the economy is going to do than your average mortgage holder. If I fix mine in for 3yrs now, it'll be at 7.14% and that's almost 2% more than what I'm on now.
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Can't see the point unless you fix for a very long period, get a great rate and know you will not make additional payments. Otherwise just stash the extra in now and you will be in front anyway.
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Such a great idea. I might just do that.
I never saw anything about a rise in May 2010. It said in the next few months we could see an increase of 0.5%.
Variable FTW
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