Hannah McQueen: The risks of fixing your mortgage long
With how high interest rates could now go scaring some people a little, and with terms of four and five years only fractionally higher than terms for one or two years, some are probably wondering whether they should opt for a little more certainty and go long, especially if anything over 7% becomes problematic for them.
But fixing long term can be problematic in the context of the economic environment we’re heading into – and there are some lessons from the GFC on this.
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