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What is everyone's thoughts on NAB's 5 year fixed rate of 5.55%
I know its a big commitment as a lot can change in 5 years time, but seeing how interest rates have been over the last 20 years or so years you assume we wont be at such a low for another 5 years. Who knows but what do you guys think?
What is everyone's thoughts on NAB's 5 year fixed rate of 5.55%
I know its a big commitment as a lot can change in 5 years time, but seeing how interest rates have been over the last 20 years or so years you assume we wont be at such a low for another 5 years. Who knows but what do you guys think?
it's tempting I agree, however the economy is tanking in a major way and the political environent getting worse by the day. I see a need for some drastic rate cutting, so personally I would fix for 1 year (which is what I did) as you get an immedite rate cut and by the time the election is out the way and confidence returns your 1 year will almost be up and you have had the benefit of an immediate rate cut without the risk of a long lock in
Is it possible that the fixed rates could drop further?
Not long until 4.00% locked 5yrs.
3) RBA continuing to cut rates.
House prices rising / semi-boom my a**!
You never know.
Few ppl on this forum got the blinkers on with regards to economy.
Here's two very simple and very current examples of what it's REALLY like out there: