3 years fixed 4.59%
- Thread starter Mick C
- Start date
ME BANK Drops 3 Year Fixed - 4.59%!! ( CR 5.18%)!!
Keeping the fix rate thread alive
Any other banks following their lead?
Waiting for 3.99%.
Keith had a great post on this
Listen to the market. It's dictated by the best brains that manage trillions of $$ so they have the most to win/lose. The market says no rise in rates for 18 months... and a cut is far more likely.
I'm happy to watch this graph change every week - I'm 90%+ sure that it will give me a 6yr fixed rate below 5%, and even if the 5yr rate does go up unexpectedly, based on past experience it's likely to go up by only a few bps before it really increases. I reckon you should be guided less by your fears and more by your dreams.
As an aside, I noticed yesterday that someone predicted a 0% cash rate by 2016! However, I'd be v. surprised it that happened.
Cheaper funding costs being passed on. We've seen it through big movements in the 5 year rates and some of the shorter term rates have fallen too.
Not sure anyone can say with much certainty when they'll bottom out, but there is a pretty interesting thread on fixed rates where the SS community share their predictions!
great rate but the revert rate is not the best so if you are paying LMI and plan to keep topping up be aware.
ME bank does not allow offset accounts against fixed rate loans which is common with lenders. There is a couple that do allow it namely cua.
ABL is another of the semi majors
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I rang St George Bank on Saturday to discuss converting to 5 year fixed @ 4.99%. They have been a bit slow in emailing the paperwork but I am going to fix for that period.
5 years @ 4.99%, no switching fee (I have an advantage package for about $395 pa) with the ability to pay up to $10,000 pa off the principal per year.
I see the risk in respect of interest rates on the upside, but not too great, however, much can happen in 5 years and I would think it would be northwards for rates.
The property is an IP so any rate rises / falls are buffered by tax rates but I am happy to lock in.
Any extra funds will go to super and margin loan (conservatively geared). However, will be happy to enter market again if interest rates do rise and a tipping point is reached.
Best to all
5 years @ 4.99%, no switching fee (I have an advantage package for about $395 pa) with the ability to pay up to $10,000 pa off the principal per year.
I see the risk in respect of interest rates on the upside, but not too great, however, much can happen in 5 years and I would think it would be northwards for rates.
The property is an IP so any rate rises / falls are buffered by tax rates but I am happy to lock in.
Any extra funds will go to super and margin loan (conservatively geared). However, will be happy to enter market again if interest rates do rise and a tipping point is reached.
Best to all
5 years at 4.99 sounds like a pretty good deal Bunlee! I know Westpac is offering that deal as well, has anyone seen a 5 yr fixed rate lower that 4.99?
