Keith Gumbinger
Keith Gumbinger
cash expect exposure free period rates remain rising
This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house.
answer ask bank bankers believe ensure fixed helps loan obvious pitching product question rates rise variable
The question you need to ask yourself is, why would a bank be pitching you this product at this time? The obvious answer is that bankers believe rates will rise in the future. Getting you out of a fixed loan and into a variable one helps ensure profitability on your account.