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ok cool .........

Hi Anyone know what the historical average is? Is it around the 8% mark?

Heres the latest article from news.com More people to fix as interest rates come down, experts say INTEREST rates are tipped to hit a record-low by winter - and analysts say this makes fixed-rate home loans a good idea again. The popularity of fixed-rate loans collapsed to a record-low...

After the latest 1% cut announcement, how long does everyone think it will take before the banks start reducing their fixed rate loans? I'm hoping for a 5 year fixed with ANZ at least in the low 6's and anything lower will be a bonus.

OMG That would be fantastic if ANZ offered a 5 year 4.99% fixed rate. I worked it out and my repayments would be $163 a week on my ppor. Unf***** believable. Will be able to save and invest even more then!! :D

ANZ should make things a bit clearer on their website. It takes a while to find what your after. Theres also an interesting breakfree pdf snuck somewhere about half way down the page. Here's the BreakFree Page The first table at the bottom Interest Rate discounts on the following...

Hi I have a smaller loan than you, thats probably why. The svr is 6.91% minus the 0.5% breakfree discount (loans under $250 K) :)

Well in September when I bought my place my mb recommended to me that when there is a 6 in front of the number for fixed rate it'd be a good idea to go fixed, so since then I said i'd be happy with mid 6's. But now that rates have been coming down a lot I think people are wanting 4's and 5's. I...

Yey i've been waiting for ANZ to get into the 6's region. I wander if it'll go lower though, cos there is still another meeting in February. I'm on 6.4 % atm, it could be worthwhile going for this one. I'll give mb a call tomorrow and see what he recommends.

But what happens if your loan is IO though. Would it still go towards repaying the principle?

cool ok... in that case it'd be better to go 50 50 split

Not sure what you mean! :confused: Could you rephrase please

I'm wandering whether to go 50 sv / 50 fixed or 30 sv / 70 fixed. What happens if/when I have $53 K savings in my offset account? Does it just mean that I wont be making any payments towards my variable loan? I have an IO loan. Does the 70 fixed 30 variable split sound like a good...

Eddie i have been thinking the same thing too. But then i remembered what my mb said to me a couple of months ago about splitting the loan. I'd like to find out some more about this though.

Are you talking about split loans? How do I go about changing over to a split loan? My loan is with ANZ, Breakfree, standard variable. I bought in September this year as a fhb. Can I change it from standard variable to a split loan of 50% fixed and 50% variable. I think this might be...