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Interest rate on home loans

Should I change my home loan interest rate from floating to fixed?

Posted August 21st, 2008 by Mildred
in

Date: 2008-07-01 08:21:37

Query : When i took loan it was fixed one ,but then interest rate came down and bank advised to go on floating i changed it to floating now interest rates are soaring high and emi has increased very much.Pls advice.
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Date: 2008-07-02 14:09:23

Message:

In my opinion , remain in the floating rate since rates are fluctuating so they should reduce as well.

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