Fixed vs variable mortgage rates?

April 24th, 2009

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One of our readers have this question to ask in the forum:

Hi, I am looking at buying a property in the next 6-12 months and was wondering what everyone’s thoughts were regarding fixed vs variable rate mortgages. With interest rates quite low at the moment do you think I would be better off locking in a fixed rate for the first year (or five), particularly with the chance of inflation rising in the near future?

I understand that any comments posted here are not to be considered financial advice but hope that this can generate a little bit of discussion.

Cheers

Everyone is welcome to discuss this question at the forum.

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