fixed interest rate

  1. A

    Help needed: fixed and variable interest rate.

    I am a first home buyer. How do I determine whether I should go for a fixed or variable rate? What are the things to remember? Also, is it a common practice to negotiate a rate (either fixed or variable) with the bank? If yes, can I still negotiate a rate after I have been pre-approved?
  2. K

    Proportion of New Fixed Rate Loans

    The recent ABS Housing Finance Commitments shows the proportion of fixed rate loans taken out for new mortgages and refinances for the last year. From Table 9 on p17. In March 08 ~24% of new loans were fixed rate, in March 09 only 2.4% were fixed. Why do such a large proportion of...