Mortgage Rates

GreeBo

Hey, whats anyone thinking about fixing their mortgage rate these days?
Is the dollar recovery gonna raise our rates?

frodi

Don't think so. I see them staying low (relative) for next year or so. I would be reluctant to pay the premimum for a fixed rate when changes are unlikely to be more that the premimum paid.

LegacyUser

what frodi said

GreeBo

Initially thats what I thought, but the real gain in fixing a rate is not in the first year, its in the other years
I was thinking fix it for maybe 3 years, probably at a premium of .5%
so if the rate goes up .3% a year, Im ahead after the first 1.5 years.....

Captain Trips

GreeBo wrote:

Hey, whats anyone thinking about fixing their mortgage rate these days?
Is the dollar recovery gonna raise our rates?

Don't bother fixing mate, it's only good if the entire EU economy was in trouble which it isn't. Do the tracker, prob the best option.

LegacyUser

i've gone with boi 3.1% tracker.

retneil

the dollar will spiral into a southerly direction when the Yuan is revalued >>>