From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Fixed or Tracker Mortgage.
Date: Sun, 7 Oct 2007 16:43:12 +0100
Bytes: 2176

In message <1191760347.663073.281850@50g2000hsm.googlegroups.com>, 
whitely525@yahoo.co.uk writes
>But you don't really know until the fixed rate is over.  Only then do
>you know if your gamble has paid off

Thats where you misunderstand. You dont 'take a gamble' with a fixed 
rate.
>because you know what happened to
>interest rates

No, you dont take a fixed rate to gamble on getting the cheapest deal, 
you do it so as to be sure of your payments.
>and you also know what new fixed rate deals are
>available

Irrelevant. You could just switch to variable.
>(and you should know how much it will cost you to switch).

That risk can apply to any switch which may take place, i.e. when your 
tracker suddenly looks expensive when compared to current offers.

>


-- 
John Boyle