When to fix your interest rate? You can’t outsmart the banks

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A common question we get asked is; when to fix your interest rate?

Although the answer to this may vary for different peoples risk tolerance and attitude to debt, the message behind it is clear.

As a rule of thumb, if the fixed rate is higher than the variable rate, the banks think rates are going up. If the fixed rate is lower than the variable rate, the banks believe interest rates are coming down. The bottom line is, if you think ...

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