In light of the impending announcement from the reserve bank tomorrow.
Who is sticking with variable and who is going to or has fixed their interest rate???
We are a first home buyer (well bought 6 months ago)and very unsure of what to do. If we fix now for 3 years we pay an extra $100 per week INTEREST on our mortgage. But have peace of mind knowing exactly what our repayments will be.
If we don't fix we have more money in our pockets and are not giving it away to the bank but if the variable goes up to 8% or beyond within the next 3 years we'll be struggling (especially seeing as I want another bub and don't intend to be working fulltime after #2 comes along)
what to do . . . what to do . . . .





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