Jeremy said:
I work for a small accounting firm in suburbs. A great many of the firms clients are tradesmen and women. Most are doing it tough. Work is scarce and what work there is hard to get. Many are working for less than $10 per hour. Most have mortgages and many are delinquent. The question I am constantly asked is: Should I fix my home loan rate? I connot advise them because I am not a financial planner, but the truth is I just don't know. Home loan interest rates are very unpredictable. I do not want to give my clients a bum steer, and I can still remember the outrage in the press over Banks charging tens of thousands of dollars break fees on fixed loans a year or so ago. Doe's any one have a clue about interest rates?