Whats people's gut filling about fixing or varaible ATM

[MoreHPformyXR6]

My current home loan is a discount variable rate loan with ING (current interest rate 6.99) with no ongoing fees etc. My budget could still cope if current resevre bank rates increase a full 2 basis points not that i would like it. If I fix my loan for 5 years @ interest rate 7.15 - the fee to fix is $290 (no ongoing fees) just the intial fee & then after the 5 years it reverts back to INGs standard variable rate which is .50% more than the dicount product I signed up for. So after 5 years if I switch back to discount variable products its another fee of $290. (which I think is unfair) I think it should revert to the product you have/signed up for. Its probally worth it for me but do people thing the reserve will continue to lift rate's much over the next two or so years?

[TURBOTAXI]

Q1. Do you have a broker?

Find a good broker and keep talking to them about this.

I have 7 facilities currently, 6 fixed, 1 variable.

There are some great financial products out there that can give you the best of both worlds.

I have a breakfree package with ANZ, I get a series of discounts based on borrowings, I currently pay well under 7% variable.

Really there are so many considerations - cash at hand, cash flow, access to equity etc.... get some good advice.

[MO]

Now thats good advice...speak to the pros.

[Falcon Coupe]

I refinanced last week, i wanted to fix, but the extra fees charges and lack of flexibility stopped me, i can afford a 1/4 % rise and still be in front with variable anyway, my gut feeling is at least one rise before Christmas, you can always fix if you change you're mind, but not vise verse.

[Black XR6]

The dilema I see with fixing vs variable is if you can afford variable now and can afford another quarter of a percent or half a percent. If you leave it until you are at that level and then want to fix it you will be fixing it at a higher rate than you could afford.