Fixed Rates 5yrs, 10yrs, 15yrs?



I was wondering, they are talking about interests rates going up again, by another 2% in the next 2 years. So should I lock home loan in for 5, 10, 15 years? Thanks, Jason.
 
Hi there Jason,

If you are happy to start paying nearly 5% Interest more now, for your Fixed 10yr Rate...then..well I'd be speechless for once!:eek:

Without knowing your financial situation, it is hard to suggest anything. Why don't you start saving or paying 2% more onto your loan right now, as if you were fixed in at 2% higher. Then you will be saving the money and will also have some money to fall back on when rates actually do rise.

Regards JO
 
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