house loan ? fixed or variable now

[therat]

Fix or float is up to individual preferences.

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[onlyyouknow]

Originally Posted by wllm33

Tnks. Think BOC needs a very high loan amt to qualify for their good rates.
Looking at opinions here , think fix rates is still a better bet. Feds uncertainty and potential delay of hike is too ambiguous, imho.

Thanks all.
cheers.

I cannot remember what is the min I think either 250k or 400k. These two numbers I cannot recall but dunno which one.

[onlyyouknow]

Originally Posted by denser

if bank willing to give low fixed rate, do you think the interest rate will increase..

The fixed rates given to me are very close to or even matching some of the floating rates by the local banks.

[millenium]

I just put in fd 1.2% in may bank and on top of that I get $100 taka vouchers.

So maybe interest rate going up soon.

[wllm33]

Originally Posted by millenium

I just put in fd 1.2% in may bank and on top of that I get $100 taka vouchers.

So maybe interest rate going up soon.

unlikely as fed reserve rates hike likely delay, so personally feel banks will be careful not to raise their loan rates as related to fed reserves imho.
so now anybody's guess direction and thus personally feel fixed is more "safe" , based on my lousy financial skills

[millenium]

Originally Posted by wllm33

unlikely as fed reserve rates hike likely delay, so personally feel banks will be careful not to raise their loan rates as related to fed reserves imho.
so now anybody's guess direction and thus personally feel fixed is more "safe" , based on my lousy financial skills

I dun owe bank any money now. But should I need to borrow, I will just use sibor package.

[LauLanChu]

It also depending on the current offering of the variable and fixed % delta and your risk appetite. If difference less than 0.5% can consider fixed if got low risk appetite, else go for variable.