Wednesday, Apr 22, 2009
The first quarter of 2009 has seen one of the biggest ever changes in the take up of fixed rates
Citywire: Cautious homebuyers switch to fixes
Homebuyers are more astute than most people give them credit for. Borrowers realise that massive government borrowing and ‘quantitative easing’ – otherwise known as printing money – will lead to inflation and higher interest rates and large numbers are switching to fixed rate home loans.
Posted by jack c @ 10:57 AM (314 views) Add Comment
1 Comment
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1. 51ck-6-51x said...
Thanks jack c.
If one is re-mortgaging or (God-forbid) buying a new home or adding to your BTL portfolio...
-> If one could fix with a spread of 0.2% rather than 2.5% then of course it makes perfect sense.
-> If one knows there will be inflation it probably makes sense to fix even with this big spread.
hmm.