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Yeah I don't think inflation has finished getting worse yet.
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Yeah we just locked in our rate for a 2yr fixed at 6.27% starting in November, 5yr fixed was cheaper but painful to get out of it if the rates drop, no clue when they will drop though
It's supremely shit.
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Our mortgage is for renewal July 2025 which I had thought would be ok but I'm imagining that we'll be at the 3-4% mark around then (finger in air)
Jameo
who22
Tenderloin
@Tonts
Average 2 year fix is up to 6.63% according to the beeb. We fixed for 2 years at 5.05% starting August. Realistically, rates aren't going to come down much in that 2 years are they?