ST Alpha - "We went variable in October. Still in the good portion of the spread between it and the fixed rate, but next increase starts the hurt." (Reading a Post)

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In response to "Switched to a variable mortgage rate in Nov and there's been 2 interest rate hikes since. Awesome. -- nm" by Shaun

We went variable in October. Still in the good portion of the spread between it and the fixed rate, but next increase starts the hurt.

Posted by Name Withheld By Request (aka BlueKopo) Apr 13 '22, 07:26

I trust the history of variable advantage to sort itself out over the next four years.

Responses:

I'm not worried or anything, but it's just annoying. -- nm - Shaun Apr 13, 07:27 2
- I get the sense that the banks have lost the rope on inflation more than they expected last year, so I'm a bit nervous about the potential to overpay. -- nm - Name Withheld By Request Apr 13, 07:37 1
  - It's certainly not an ideal situation, that's for sure. -- nm - Shaun Apr 13, 07:38

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