Sentences with phrase «expensive than variable rate»
Fixed rate mortgages have been more expensive than variable rate mortgages about 90 % of the time in the past 25 years.
http://www.ourbigfatwallet.com/ Not exact matches
Fixed interest rate loans are generally more expensive because their rates are often higher than variable rate loans.
Variable rate loans tend to be less expensive at the beginning of the loan than comparable fixed rate loans of the same term.
No disrespect to the report cited, but you don't need to be a rocket scientist to know that going from sky high rates 21 % in the early 80's, to virtually nil real rates now that locking in will have — in hindsight — been more expensive than variable.
In it, she makes the case in the aggregate we are better off taking a series of 1 yr variable mortgages, because the premium we pay to get a fixed rate ends up being more expensive than the risk attached to the cheapest available variable 1 yr.