Fixed vs Variable Mortgage

[timaros]

Hi

Mortgage fixed rate up this month and have just received new rates both fixed and variable. Wondering if anyone has any opinions on whether we should stay fixed or go variable as v rate is 3.350% at the moment. Will interest drastically rise in the next year/coming two years?

I am all for fixing for two years at 3.750% but dh wants to go variable!

Anyone have any thoughts on current mortgage rates?

Thanks in advance

Timaros

 

[niceoneted]

I am not a fan of fixing as I have mentioned on other threads here. Good solution for those who want to consider it is to fix a certain percentage and go variable on the remainder which gives some degree of flexability.
The two yr fixed rate seems good. You must also consider you paying back power - how secure is your income term of mortgage amount etc.