Hi All,
I believe we are no doubt going to be experiencing alot more interest rate rises yet before things settle, so the throught of fixing has been on my mind, expecially since the fixed interest rate is so close to our variable rate.
CBA has on offer:
Current standard variable 6.61% (inclusing if of the 37 basic point increase)
or
I can fix for 12 months @ 6.64%
It will cost me $300 per loan to fix so i will be basically up for $600 upfront.
What are all your thoughts on this, does this sound like a good opportunity to fix for 12 months, we are most definetly going to have a few more increases yet, so surely this is something to consider?
I am definetly no expert on fixing and to be honest i have never fixed before so all your views are very welcome.
I believe we are no doubt going to be experiencing alot more interest rate rises yet before things settle, so the throught of fixing has been on my mind, expecially since the fixed interest rate is so close to our variable rate.
CBA has on offer:
Current standard variable 6.61% (inclusing if of the 37 basic point increase)
or
I can fix for 12 months @ 6.64%
It will cost me $300 per loan to fix so i will be basically up for $600 upfront.
What are all your thoughts on this, does this sound like a good opportunity to fix for 12 months, we are most definetly going to have a few more increases yet, so surely this is something to consider?
I am definetly no expert on fixing and to be honest i have never fixed before so all your views are very welcome.