Making Cents: Should you choose a fixed or variable mortgage rate?

In the last three months 75% of all new mortgages were drawn down on fixed rates offering home-buyers security in a time of uncertainty

Shot of a young couple doing their finances together at home. making cents.

Last week, I spoke to Martina Hennessy, managing director of doddl.ie, about the benefits of mortgage switching and how even seemingly small overpayments on a mortgage can lead to major savings over time. Recently, the other most frequently raised query I hear when it comes to mortgages is whether or not to fix the rate.

So I asked Ms Hennessy why fixed rates are becoming so popular and how she advises clients on this subject.