Search results

exsyd, Interested to see which bank has fixed rates below variable at present. I've had a quick look at a couple of banks websites and all fixed rates are above the variable?

Forgot to mention that the numbers above were based upon a $100,000 loan.

I've looked at this also and my biggest argument against fixing is that you are guaranteeing a higher rate initially, and you are betting against the banks/IR markets. I've done some basic numbers from the current ANZ rates. The standard variable is 5.91% and 5 yr fixed rate is 6.84%. Some...