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Podcast: The Clever Investor Podcast
Episode: Fixed rates: Have I missed the boat ??
Description: Well the interest rate talk has been going on for a couple of months now.
As we expected the banks are well under way moving their variable rates and at times like this the question gets asked around fixed interest rate loans.
"Should I be locking my rate in???"
Unlike variable rates loans you have to pick a time frame to fix for, generally you'll have the options of 1 to 5 years and the rates will vary between these timeframes. Plus you'll lose some flexibility.
Its a big question and like everything w...