Thanks for the "like" and support! The debate between choosing variable or fixed rates is always a tough one and really depends on your risk tolerance. Currently, the "Big 6 Banks" offer very attractive 5-year fixed rates that are about 0.5% to 1% lower than their 5-year variable rates. However, as you mentioned, there's a strong chance that rates could move downward, giving variable rates some potential upside. That said, while this isn’t financial advice, I do have some excellent mortgage brokers who can provide more tailored guidance. Feel free to shoot me a message at josh@realestateundertheradar.com, and I can connect you with them. Personally, I’m leaning towards some of the variable rates right now since they’re quite comparable to the fixed 2/3-year rates and may drop even further. But, it's important to remember that financial markets can be unpredictable, so choosing a variable rate with the option to lock in might be a smart move if rates seem like they could rise again.
I gave you first like in this vidoe. Do you thin its good to go with variable given with more rates comjng or 2/3 fixed rates?
Thanks for the "like" and support! The debate between choosing variable or fixed rates is always a tough one and really depends on your risk tolerance. Currently, the "Big 6 Banks" offer very attractive 5-year fixed rates that are about 0.5% to 1% lower than their 5-year variable rates. However, as you mentioned, there's a strong chance that rates could move downward, giving variable rates some potential upside.
That said, while this isn’t financial advice, I do have some excellent mortgage brokers who can provide more tailored guidance. Feel free to shoot me a message at josh@realestateundertheradar.com, and I can connect you with them. Personally, I’m leaning towards some of the variable rates right now since they’re quite comparable to the fixed 2/3-year rates and may drop even further. But, it's important to remember that financial markets can be unpredictable, so choosing a variable rate with the option to lock in might be a smart move if rates seem like they could rise again.