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Mortgage interest rates

  • 04-11-2014 09:01AM
    #1
    happypants
    Registered Users, Registered Users 2 Posts: 280 ✭✭


    We are due to decide today if we wish to sign up for a 1 or 3yr fixed rate mortgage. The rates are 3.8% and 3.9%. What are people's thoughts on interest rates and the likelyhood of them decreasing further? Million dollar question I know, but any advice is welcome,

    Thanks


Comments

  • #2
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    Well, banks are offering very attractive fixed rates... which they really only tend to do, if they plan to make money on those, by expecting the variable to drop.

    It's all trying to double guess the banks. Hard to say, but if I had to put my money on it, I'd fix for a small amount of time.


  • #3
    3DataModem
    Registered Users, Registered Users 2 Posts: 4,135 ✭✭✭3DataModem


    pwurple wrote: »
    Well, banks are offering very attractive fixed rates... which they really only tend to do, if they plan to make money on those, by expecting the variable to drop.

    It's all trying to double guess the banks. Hard to say, but if I had to put my money on it, I'd fix for a small amount of time.

    Yep. Peace of mind for the early years is worth paying a little for.


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