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Yeh I'm fixing around 80% of my mortgage now with some on 1 year at 4.1%, and some on 2 year at 4.15% with Westpac, rest on floating. Think shorter terms are not a bad way to go at the moment
Last edited by thobe230; 30-06-2016, 03:49 PM.
Reason: rates changed
Interesting post Brexit in the USA investors are buying 10 year treasury notes in such significant volumes that mortgage interest rates are falling there again.
Settle this week, are under the LVR but if it raises then we are not. Are we then liable for the higher above LVR interest rates if we pick floating now and fix after the next 11 of August Reserve Bank announcement?
Most likely yes, so don't go floating now. The rates you're offered now are likely 'pricing in' a potential cut anyway, so if they cut on 11 August you wouldn't necessarily get anything lower than what you are already offered.
SBS has advertised a rise in home loan interest rates even though many economists expecting the Reserve Bank to keep the official cash rate (OCR) steady.
SBS is lifting its standard floating rate for home loans from 5.59 per cent to 5.69 per cent after August 11. Residential property investors face a floating rate increase from 6.09 per cent to 6.19 per cent.
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