interest.com.au

Hi everyone,

I just found this interesting site about interest rates .

There's links to some articles on interest rate predictions, and also a list of the variable rates of different banks and any recent increases or decreases in their interest rates, as well as a few economic graphs and rankings (eg. showing Australia is No. 3 in the Index of Economic Freedom and commodity prices in an exponential upwards trend!).

http://interest.com.au/News/index.htm

ANZ I think mentioned a possible 3 further rate rises going into 2008.

Westpac's forecast is for at least 2 further rate rises going into 2008 from this linked article from this site:

http://www.westpac.com.au/manage/wrap.nsf/vPdfUrls/A3FBB6C3C04DF1D1CA257372000D8704/$File/er20071012RBACashRate.pdf?OpenElement

Anyone fixing interest rates now?

Also interesting article mentioning the 'crisis in the outer suburbs of Sydney':

http://www.theage.com.au/news/business/brickworks-sits-tight-on-land/2007/09/27/1190486483305.html

Thanks for that.

This web site has a lot of interesting graphs of key economic indicators.

This is great to give a bit of perspective in regards to key sectors of the economy.

Cheers,

JIT said:

Anyone fixing interest rates now?

Click to expand...

I asked the same question of a mate who works for the CBA. His expressed his personal opinion by asking the following question: "Why would you lock in a rate that is the highest in over 10 years?"

A crystal ball would be handy but I am of the same opinion. Why would you lock in such a historically high rate? Unless you're really scared of your current level of high gearing I guess.....

2008 will be an interesting year.

Andrew

I wish I had a crystal ball too! would be the most handy thing in our field.

I tend to think that interest rates will go up another few times in 2008 however, I am one of those that believe the hikes will be short lived and that they may start to go down afterwards.. so if you lock them in now, sure you might not cop the next 2 hikes but will be paying a higher rate for 3 plus years.

Once again, no crystal ball :>

What do the mortgage brokers on this forum think?