I would like to share an article Should you fix your home loan rate by Nila Sweeney from Your Mortgage. In this article Nila looks at both variable and fixed rates and explains the pros and cons of both. And makes an important point, if you are thinking about fixing, saving interest should be the last thing on your mind. That is not what it’s about and people who focus on this aspect miss the point. A fixed rate mortgage is an insurance policy against financial pressure brought on by mortgage rate movements, especially rapid ones that could cost you a lot.
I encourage you to read this article and if you would like to know more about fixed rate versus variable rate then please contact email@example.com