i still call a 0.25% cut to pre-empt bad news in the budget.
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A crack in the banks positon? Will we see 4 years at under 6%?
Has anyone else noted there seems to be a pattern to drop rates the week the RBA meets and a drop appears likely?
Peter
Hi All,
Does anyone know who's got the lowest 5 year fixed rate at the momoment?
From what I've searched I see NAB at 5.99%.
Cheers
George
Wouldn't banks lift fixed rates in an effort to scare people into fixing when they expect the variable to fall further? I beleive this has happened before and is the case now.
Thoughts?
NAB back UP to 6.19% pa (after discount) for 5 years!
Doesn't look like a second bottom is coming...
NAB back UP to 6.19% pa (after discount) for 5 years!
Doesn't look like a second bottom is coming...
HSBC at 6.0%
Newcastle Permanent at 5.94%
MECU at 5.79%
And a heap of choice at 6.3% and lower still. Still some good options out there and no rush just yet IMHO.
Cheers,
Michael
You could be right as I haven't called them, but not according to this site which has them as 5.79% for 5 years.MECU 5.79% is a 3 years fixed not 5 years.
NAB back UP to 6.19% pa (after discount) for 5 years!
Doesn't look like a second bottom is coming...
^^ How did you go JIT any news with STG?
Well the valuation was OK, but it didn't go through on their serviceability criteria...so I'm keeping this Westpac loan on variable now.
Peter,
I agree completely as I've spelled out a couple of times. The current environment is not conducive to rate rises, period. They're at least two years off. Bank funding costs are falling and the recession is only just starting to unfold with the resultant job losses.