3 and 5 year fixed rate thread

[tvadera]

HSBC fees

Establishment fee: 552
Monthly fee: 35$

 

[Rolf Latham]

SMH Article

banks arent battling this out............

your super funds are rushing around trying to secure a market position for their liquid to middle term cash....................guess what they are thinking the cash deposit rates will be over the middle term.

You dont have the be a great analyst to see how and why. Its really been plain as day for 12 to 18 mths if one takes the head out of the sand.

the margins on the funds thus procured would be quite consistent between the lenders I expect.

Wont be long now and we will have sub 5 for 5.............

ta

rolf

 

[jonmardell]

Aaron, what were they like other than that? Settlement timing etc?

maybe go onto their facebook page to see what their existing customers are saying? as Aaron mentioned they stopped dealing with the broker market a long time ago.

 

[Zimonya]

Anybody have any further thoughts on this front. I am thinking of fixing most of my variable borrowing at the moment.

 

[jonmardell]

Anybody have any further thoughts on this front. I am thinking of fixing most of my variable borrowing at the moment.

ANZ increased their 3 year fixed rate by .20% so now 5.19% (comp 5.98%) under breakfree. Other lenders start at 4.84% and go up from there.

 

[JT7]

Anybody have any further thoughts on this front. I am thinking of fixing most of my variable borrowing at the moment.

David Bassanese appears to be expecting rate increases as the US Fed tapers off it's QE. He's suggesting to seriously consider fixing whilst you can.....

Well....I guess they've got to go up again at some stage......


http://www.propertyobserver.com.au/...urce=po&utm_medium=aida&utm_campaign=newsplus

 

[TMNT]

So on the assumption fixed rates are at the bottom for 3 years

what are people doing?

I've fixed mine for 2 to 3 yrs but what can you do when it expires and rates have gone up another 2% or so
its not worth fixing for 5 or 10 at existing rates

 

[Rolf Latham]

So on the assumption fixed rates are at the bottom for 3 years

what are people doing?

I've fixed mine for 2 to 3 yrs but what can you do when it expires and rates have gone up another 2% or so
its not worth fixing for 5 or 10 at existing rates

part of the rate risk strategy is "rate maturity"

Can be partially minimised by staggering maturities, leaving some variable, and if you are game, taking some longer term exposure of 5 to 12 years

ta
rolf

 

[bare_essentials]

What is the best 2 and 3 year rates currently on offer? I am with CBA so looking to fix a portion of it and leave the rest variable.

 

[jonmardell]

What is the best 2 and 3 year rates currently on offer? I am with CBA so looking to fix a portion of it and leave the rest variable.

a few places are at 4.84 for 2 and 3 years

 

[Aaron_C]

What is the best 2 and 3 year rates currently on offer? I am with CBA so looking to fix a portion of it and leave the rest variable.

AMP just dropped to 4.89% for 1-2 years. ING is 4.84% for 2 years.

 

[Jenko]

a few places are at 4.84 for 2 and 3 years

What's the CBA rates?

 

[bare_essentials]

I found this but not sure if it is accurate

https://www.commbank.com.au/personal/home-loans/fixed-rate/rates-fees.html

 

[arcticfire]

We’ve dropped our 1 year fixed rate to 5.19%p.a, 2 and 3 year fixed rate to 4.99%p.a and 4 Year Fixed Rate to 5.39%p.a under the Wealth Package.

Got this today via a email from the CBA

Cheers

 

[INXS]

I am with CBA and my fixed rate is up on 2 August. I want to rollover to another 3 year fixed term, but are scared CBA will follow ANZ's lead and increase there 3 year fixed rate before then. Can anyone advise how I could lock in the 4.99% rate now so that was what applied come the 2 August.

 

[jonmardell]

I am with CBA and my fixed rate is up on 2 August. I want to rollover to another 3 year fixed term, but are scared CBA will follow ANZ's lead and increase there 3 year fixed rate before then. Can anyone advise how I could lock in the 4.99% rate now so that was what applied come the 2 August.

you could break your current fixed rate, give them a call and get a quote on how much it would cost. it might not be that much!

 

[luckyone]

Or just ring them and say can you extend for another 3 years at the end of your fixed rate at today's rate of 4.99%.

 

[Rixter]

I am with CBA and my fixed rate is up on 2 August. I want to rollover to another 3 year fixed term, but are scared CBA will follow ANZ's lead and increase there 3 year fixed rate before then. Can anyone advise how I could lock in the 4.99% rate now so that was what applied come the 2 August.

I phoned & asked my bank (WBC) 4 years ago the same thing....To my astonishment they said yes.

Try the same! If you dont ask you dont get.

 

[bare_essentials]

We’ve dropped our 1 year fixed rate to 5.19%p.a, 2 and 3 year fixed rate to 4.99%p.a and 4 Year Fixed Rate to 5.39%p.a under the Wealth Package.

Got this today via a email from the CBA

Cheers

Thanks for that.

I have CBA a call and they are stating that I need to fill out a form and then submit that to my local bank branch. I thought you could just do it over the phone...

I have an interest only loan which I would like to switch to 95% fixed and 5% variable so we still retain our offset.

 

[jonmardell]

Thanks for that.

I have CBA a call and they are stating that I need to fill out a form and then submit that to my local bank branch. I thought you could just do it over the phone...

I have an interest only loan which I would like to switch to 95% fixed and 5% variable so we still retain our offset.

Yes, you need to complete the switch form.