Thursday, May 13, 2010

Variable Vs. Fixed - what everyone should know!

Since fixed rates started to climb and news of higher interest rates are on the horizon there has been one question on everybody's mind: Should I stay variable or go fixed?

Over the last 20 years borrowers have saved money by choosing variable mortgage products. But a risk of rising interest rates, as the economy recovers and inflation rises, means there is a chance on the horizon that variable rates could climb high enough and allow fixed rates to actually be the cheaper alternative at this time.

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