...And now get your ass to work preparing the guest room for July...Something like this will work fine.
I think the collared interest rate (fixed) is a good option. It lets you work off a known amount and whilst it may cost you a little extra through not being able to take advantage of rate drops, you make it up in peace of mind. We have a variable at the moment, for the first time in 20 years due to low rates here and will revert to fixed as it rises. It's all about catching the trend, before it happens...
Now...Get that guest room done, July ain't far!
It is going to look a lot like that when you arrive here. Especially the antler chandelier.
Yeah, and ten years is a long time and there is a lot of market volatility to come I believe. The cost of rate drop can't really go much lower than it is now, unless they start paying directly to take loans.
You'll be the one smiling if those rates go up, and having the rate locked at a comfortable level for your budget is a good option. Means you know where you stand.
Don't set my hopes on bloody antlers in the guest room if there'll be none...If it's going to be, let it be! I wouldn't mind a big bowl of M&M's too...With the yellow ones picked out. Who even eats the yellow ones anyway? Lol..
the marginal rate is 0.45% here atm, so I am guessing it won't go significantly lower, but can go significantly higher.
Don't know...Maybe the banks will start paying you to borrow their money! 🤣 That's a low rate!