go fixed or not?

[Budget2008]

am currently with INBS for mortgage on the variable rate of 5.98%

i heard on the news that they are increasing this rate..soon, so the big question is go fixed or stay variable.??


they are offering a fixed 2yr rate at 5.72% im in a bit of a quandry on what to do?

any suggestions?

 

[irishlinks]

Have you checked out rates with any other lenders?

 

[Sunny]

There are plenty of threads on this already if you do a search. Generally have a look at trackers instead of variables and only fix if you think you would struggle to cope with rate rises. That 2 year fixed rate you mentioned sounds very expensive so shop around. And your variable rate of 5.98 is VERY expensive.

 

[ClubMan]

Lots of existing threads on this topic. Do a search.