To fix or not to fix?????????????

[~mamaspice~]

thanks for your replies everyone.

DH and I talked about it last night and we've decided not to fix, but to pay the extra $100 per week like we have fixed. we've made the right decision.

Lets hope todays reserve bank anouncement is only a .25% rise . . .

[~Raven~]

I think we're better off leaving it variable because when it's fixed you aren't allowed to pay to much extra off the loan and if you want to sell/refinance/redraw you get slugged with high exit fees. I like knowing that I can have the flexibility to do it my way and not how the bank dictates