Search results

If its simply a risk management excercise then you dont have to pick the bottom, you can fix wherever you like. I think you will find many contributers here are trying to pick the bottom, and if you read back through the earlier posts on fixed rates, many of them are successful. They are the...

FYI ANZ are also now matching the 4.99 5yr fixed rate

what keith said. When 3 year fixed last went to sub 5 there was a rush to fix. Those that did are half way through thier term and still out of the money.

Have a look through the 3 and 5 year fixed rate thread and see how close peoples predictions on here have been. It goes back quite a way now, and would make for interesting reading.

loss of flexibility. If the lender you fix with cant top up your loan, (either because of valuation shortfalls or policy etc) to use as the next deposit, you would need to break the fixed rate to move to another lender that can. This is more important to many investors than the other reasons...

ANZ announce their variable rate the second friday after each RBA board meeting. They announce changes to their variable rate at any time.

Your very likely to match the variable over the same time period. If we get another spike in rates like 09, itll be much gentler on you with 50% fixed, and not all expiring together.

the risk is in 2 years time the current 3 year fixed rate will be diferent to what it is today. 'Rolling' fixed rates, having 3 or more loans all maturing at diferent times, can be a good hedging strategy. So take one loan at 2yr, the second at 3yrs etc.