Thread: Mortgage Rates
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Old 27-05-2009, 10:46   #2
jaysay
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Re: Mortgage Rates

Quote:
Originally Posted by K.S.H View Post
Whats going to happen?
I can only see them going up but can't decide how much

Thing is I usually fix my rate for a few year, probably lost out last time with the way the interest rates have dropped, it's due again soon and I have been offered 4.2% for 3 year, the current flexible rate is at the min 2.5%
I "don't think" it will go over 4.2% in three years - what's your thoughts?
I'm very tempted to leave it at the flexible rate, I won't loose too much if it does go above it, only got 5 year left to pay
That's a very hard one to weigh up K.S.H. the markets are so volatile no one really know when things will settle down, could actually take quite a few years
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