Mark Bouris sat down with leading Australian Economist, Stephen Koukoulas, to discuss the old question concerning all home loan borrowers: fixed or variable interest rates?
Stephen said, “It’s more of a personal decision rather than a financial decision. If you want to be absolutely sure that your monthly repayments are going to be ‘x’ dollars a month for three years, get a fixed rate product, and whether rates go up or down, you’re hedged if you like. You’ve locked in your monthly dollar value of your repayments.”
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