Posts Tagged ‘Fixed Rates’
Big bank mortgages vs the smaller lenders
I was recently asked to provide some perspective on whether to use the Big 4 for your home loan, or a smaller lender, by online news outlet The New Daily. Like most things there is no clear-cut answer as it all depends on your circumstances! You always need to consider your own requirements and what…
Read MoreDon’t let interest rate talk scare you!
Since the last RBA decision to keep rates on hold (Tuesday, 2 June 2015), we have heard that the Australian economy has grown quite strongly over the first quarter of 2015. Strong economic growth, if sustained, could lead to an increase in rates. However, the ASX futures market, armed with these positive economic growth numbers,…
Read MoreInterest Rates. Where to next?
Our ongoing interest rate chart compares the basic variable, 3 year fixed and 5 year fixed rates have converged. In particular, fixed interest rates are sitting at historically low levels. This has made many people think a lot more about the option of locking in an interest rate for a fixed term. This decision should…
Read MoreAre 3 fixed rates at the bottom of the cycle?
Here at Smartline we have noticed an interesting pattern in one of our recent interest rate charts. This is slightly dangerous territory because the past is obviously not a prediction of future rate directions. However, this pattern does seem to apply at least since the beginning of 2009 (when we commenced this data series). The…
Read MoreWill interest rates go lower?
As you have no doubt heard probably many times since Tuesday, the RBA has held the cash rate at 2.50% p.a. for a further month. What we are more interested in is where interest rates are heading from here? As on Tuesday, the ASX futures market was estimating that there may be one more cut…
Read MoreTo fix or not to fix my home loan?
To fix or not to fix, is a question that is increasingly being asked by investors and home owners attracted to the low fixed rate interest loans currently being advertised by banks and non bank lenders. Traditionally, a fixed rate loan offered limited flexibility. Many of the features which are standard on variable rate loans…
Read MoreFixed v Variable Interest Rate Home Loans In Australia
I have been asked many times over the last few months by my clients whether I think that they should fix the interest rate on their home loan with three year fixed rates being significantly lower than their long term average. The real question that most of my client’s are in fact asking is Do…
Read More3 year fixed rates at lowest level since 1999
As widely expected the RBA has cut their cash rate by 0.25% to 3.00%. The RBA cash rate is now at the level it got to during the Global Financial Crisis. Should this full 0.25% cut be passed on, it would save someone with a $300,000 variable rate mortgage around $60 per month. The best…
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