Quote:
Originally Posted by Muta
Sooo... should I suck up my ego, bite the bullet and lock my mortgage in (ie. equivalent of buy low sell high, haha)? Or has that ship sailed and now I should ride out my variable rate in the hopes rates go down later... got 2.5 years left until renewal  |
The question isn’t whether you will save money by locking in.
It’s can you afford the worst case outcome of interest you can imagine then stay variable as variable over time is cheaper and very few can predict markets effectively.
I locked in at the start of the pandemic because if I lost a job I wanted fixed costs