AIB Fixed Rate Ending

S

Sweeper

Guest
I was on a rate of 2.49% with AIB for my first year's mortgage payments, and I now must decide on what "product" to choose from the list available on their website under personal/mortgages/New-Mortgage-Interest-Rates

I am wondering if anyone can offer advice on where to go next? I understand that nobody can see into the future, but looking to see if there's any kind of consensus of opinion out there.

Thank you,
Sweeper
 
I'd say you are not on a tracker, therefore you could be paying a high variable rate of 3 to 4%. If they offer you a fixed rate it will probably be 3.5% or more.
Rates will in the long term go up but not dramatically in the short term. if you can afford to stay variable stay variable.

If you have a large mortgage and don't want to be constantly watching interest rates then fix for the short term (1 to 3 years). See what rates they offer and what you are comfortable paying or fixing for.