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by oliwarner
1514 days ago
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Well this way of doing things has been a vastly cheaper way of borrowing in the last 50 years, in the UK. If the interest rates tip up for an extended duration, yes, it's possible that longer term fixed rates could be cheaper, but of course the banks insulate themselves against that possibility with even higher rates if they suspect it's likely. It's possible they won't insulate enough. IME, betting against banks looking out for #1 is foolish. |
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