Which is better option now - variable or fixed?

L

Liz25

Guest
Just coming out of a fixed rate, and unsure as to whether a tracker variable rate is now a good option, or did I miss the boat on this while it was good (i.e. is it now going to start going back up)? Or how long do you think this would stay as being a good option?

Thanks for any advice.
 
Are you coming off a fixed and going onto a tracker? if so what rate?
 
Hi, coming off fixed of 4.8, tracker offered is 3.75, 2yr fixed offered is 5.25.

Thanks for your rely.
 
Stay on the tracker, watch the fixed rates if they get lower you can fix again as never forget rates can also go up. I'd also save the difference you have on the new rate to pay off some capital on the mortgage. Or if you can without penalty make the payments monthly. The ECB has signaled that they will cut the rate again next month.
 
That's v expensive for a 2-year fixed IMO. I've been into AIB and NIB recently and their 2-year fixed rates (for LTV <60%) are both (a little) less than 3%.
 
Liz25 said:
Hi, coming off fixed of 4.8, tracker offered is 3.75, 2yr fixed offered is 5.25.

Thanks for your rely.
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Both rates seem very high. I`d look into moving your mortgage elsewhere if at all possible.
 
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