Right from my school days i have aimed high and wanted to make it big in the financial sector. I also got interested in the various topics and started reading about loans, interests, taxes, mortgages and so on. In a recent study about Mortgages it has been found that many of the people who avail it for the first time are going in for tracker rates. Earlier people opted for Fixed Rate Mortgages more as the interest rates were fluctuating. The shift is because of the appetite and eagerness of the people who anticipate interest rate cuts. There has been a good 20% fall in the number of fixed rate seekers in the past year. From my personal point of view i would also go in for a fixed rate as it is some what secure and you will know well in advance what you have got to pay.
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