Using fixed loans to your advantage
24 April 2008
Fixed loans are most useful when it seems possible that variable interest rates are about to rise, but it hasn't become a certainty yet. This is because the fixed loans being offered at such times will not have yet taken these interest rate rises into account. Once frequent rises begin, however, it is too late to benefit from fixed loans, as new fixed loans will have been adjusted to compensate for future rises. Also remember that you should probably avoid fixed loans while interest rates are falling, as lenders are likely to be quite wary in their estimations of how far the rates will fall.
Please visit our comparison pages for a wide range of lenders that provide variable and fixed loans.
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