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.
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!
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.