Just wondering if accountants are able to give general advice about fixing loans etc, or if this is something I should be asking my mortgage broker.
I negotiated some 3 year rates with WBC (not as good as 5.99% pa but close enough to 6.1%) and I'm just trying to decide whether to take it up vs the 5 year fixed rate (6.69% with a package discount of 0.2%).
From looking at the 3 and 5 year interest rate swaps the difference is about 30 bp which suggests the 3 year rate is a better "deal" at the moment, but this isn't really my area of expertise... just wondered if accountants are able to give advice or even just rough opinions on the matter?
I negotiated some 3 year rates with WBC (not as good as 5.99% pa but close enough to 6.1%) and I'm just trying to decide whether to take it up vs the 5 year fixed rate (6.69% with a package discount of 0.2%).
From looking at the 3 and 5 year interest rate swaps the difference is about 30 bp which suggests the 3 year rate is a better "deal" at the moment, but this isn't really my area of expertise... just wondered if accountants are able to give advice or even just rough opinions on the matter?