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Went to a pd yesterday by one of the big four. Their treasury boffin described why rates were on the up, both fixed and variable. Fixed rates have to do with bond markets o/s being swamped by government bonds etc, and pushing up margins. Interestingly variable rates are to continue to go up...

Its not really the same thing. If you want to fix for 5 years, a 3 yr and a 2 year isnt the same. For one thing you will need to prove income at that time, and if your details change, or the lenders policy changes etc, you wont be able to get the second fix. I have this trouble with my 3 yr...

I dont think fixed rates will drop again in this cycle, at least not below the last low. I do think they will stabilse a bit higher than the variable for about a year next year, while the variable also remains relatively flat. If you fixed at that point, just before fixed and variable take...

Pro pack is a generic term, most of the lenders have something similar. each of the big banks calls it something diferent, wealth package, breakfree, choice, premier advantage etc etc

The banks themselves dont anticipate the fixed rates going up when the variable does. The money market does. So when I fixed 3 years ago, the reserve had just moved up, after a long time of being stable. The 3 yr fix was 6.65%, the basic varaible had just moved to 6.72. A couple of weeks...

last time round I suspect they were more confident of their crystal balls. They took a big loss on all the fixed rates they did under 6%. I dont think they will make the same mistake this time. I will be happy to be proved wrong, but I doubt we will see a major with a 5 yr fixed rate below...