From: Gail H
Hi everyone,
I should know the answer to this, but can you refinance loan (in the sense of having home revalued to increase line of credit against property) when interest rates on the loan are fixed.
By the way, who is still fixing out there? Is three years at 6.75 good, or would you go 2 years are 6.45? Banks seem to have already built the imminent increases into their fixed loans. Medium range forecasts (for what they're worth) seem to be that this easing cycle will be a moderate one, and that rates shouldn't get up too high over the next couple of years. I'm wondering if the fixed rates are already getting a bit high. Any views?
Gail
Hi everyone,
I should know the answer to this, but can you refinance loan (in the sense of having home revalued to increase line of credit against property) when interest rates on the loan are fixed.
By the way, who is still fixing out there? Is three years at 6.75 good, or would you go 2 years are 6.45? Banks seem to have already built the imminent increases into their fixed loans. Medium range forecasts (for what they're worth) seem to be that this easing cycle will be a moderate one, and that rates shouldn't get up too high over the next couple of years. I'm wondering if the fixed rates are already getting a bit high. Any views?
Gail
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