Mortgage risk: Is fixing for a 5 year term a 'good idea'?
Channel: The Everyday Investor - hosted by Darcy Ungaro
Date: 28/02/2024

Case Study:

I recently met a couple looking to save a little bit on their mortgage based on their belief interest rates 12 months from now would be lower. 

Were they picking up pennies in front of a steamroller?

Yes rates could decrease over the next 5 years and it may be a missed opportunity to save money. 

What's more important though? 

Hanging on to your home, or speculating on better rates?

#higherforlonger #mortgages #rates #strategy #risk