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To Mortgage in such times?

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  • 30-09-2008 2:18pm
    #1
    wiredup
    Closed Accounts Posts: 94 ✭✭


    Question for you economic experts.
    I'm interested in a small mortgage. I was thinking a tracker was the best bet. Being tied to the European bank you would assume some stability but with the way things are perhaps fixed is a safer bet?

    I'm looking at a 20 year term. If things get really bad and interest rates rocket a fixed rate would be a real bonus. But perhaps in 10 years time things might be on the up. I just don't know.
    I know we are in virgin waters with what is going on globally but what would you do?


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    #2
    Brendan552004
    Registered Users Posts: 168 ✭✭Brendan552004


    Very few lenders are now offering tracker mortgages, interest rates are on the way down, not up. I would stick to variable, you can always go fixed at a later stage.


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