Month: July 2023

Traditionally a 5 year mortgage rate has been more expensive than a two-year fixed deal. However, in the recent past due to the volatile economic climate, the five year mortgage rates appear to be cheaper than a 2 year-fixed deal…

With average two-year interest rates now over 6 percent borrowers need to seriously consider paying off their mortgage faster. Interest is a cost and it effectively loses money. Planning wisely can help you pay less interest and settle your mortgage faster.

Traditionally a 5 year mortgage rate has been more expensive than a two-year fixed deal. However, in the recent past due to the volatile economic climate, the five year mortgage rates appear to be cheaper than a 2 year-fixed deal. Let’s now find out about the pros and cons of a five-year deal and see if it suits you.