Hi,
I am on a variable 2.75% rate with AIB, 266K outstanding on mortgage. The 3 year fixed rate is currently 2.55%. Avant Card are apparently going to enter the Irish market soon and are expected to undercut existing mortgage providers to try and gain market share.
While I could save about 25/30eur switching to fixed rate now I am reluctant to do so in case rates fall further as a result of Avant Card coming into the market.
Should I switch now to fixed or wait and see what happens over the coming months with rates?
I am on a variable 2.75% rate with AIB, 266K outstanding on mortgage. The 3 year fixed rate is currently 2.55%. Avant Card are apparently going to enter the Irish market soon and are expected to undercut existing mortgage providers to try and gain market share.
While I could save about 25/30eur switching to fixed rate now I am reluctant to do so in case rates fall further as a result of Avant Card coming into the market.
Should I switch now to fixed or wait and see what happens over the coming months with rates?