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Bendigo/Adelaide Bank lifted their 5 year fixed rate yesterday from 6.39% to 6.64% Recent History (based on Adelaide Bank rates): 4/11/08: 7.39% (start date of my regular tracking) 12/1/09: 6.99% 29/1/09: 6.49% 27/3/09: 6.39% 30/4/09: 6.64%

Adelaide Bank: 6.99% for 5 years as at 17/12/08, it had been at 7.3% for a number of months. Their 2 year rate is lower than the one year: 1 year 5.99%, 2 year 5.89% I guess their experts believe variable rates will stay down for about 2 years.

Not being an "experienced" investor I am obviously missing something here. My calcs tell me that if I fix at 6.5% and my estimates of average interest rates for the next 5 years are correct, then I will save myself $30,000. I have read the pdf referenced above and understand that many...

Thanks GoAnna I just did some quick calcs based on fixing for 5 years at 6.5% vs the following estimated average annual interest rates: year 1: (2009) 6.0% year 2: 7.0% year 3: 8.0% year 4: 9.0% year 5: 10.0% If I fix for those 5 years I break even i.e. rent + tax breaks = mortgage...

I'm wondering about this also Lizzie as my bank offers 100% offset on fixed loans, but they only offer 5 years fixed, nothing longer. Five years could find us at the top of the next cycle with a few years of high variable rates. On a slightly different topic, Margaret Lomas on Monday night...