Fixed 5yr Interest rates

[BRC]

Hi,

I am wandering what other peoples opinions are re Interest rate rises when BIS Scrapnel are predicting a rise in rates to between 9 and 10% by 2006 ?
Is it woth locking in to a 5yr Fixed rate now on my PPOR in order for me to maybe free up some money to buy an IP in the next 12 months ?

BRC

 

[MarkB]

BRC

While I do not subscribe to the BIS view of the world, interest rate rises are highly likely (and even use of the world 'highly' is probably an understatement).

You'll find this of interest:

http://www.somersoft.com/forums/showthread.php?s=&threadid=12035

Little has changed since I posted that.

MB

 

[Rolf Latham]

Hiya

5 year rates have been moving up quite sharply, and 3 year bond rates are now over 5 %.

Suggests that someone is punting on a bit of a rate rise

ta

rolf

 

[abcdiamond]

Rolf & or other brokers

What are the best 5 year fixed rates at the moment,
Interest Only:

and,

what were they say, 2 months ago ?

ABCD

 

[Rolf Latham]

Hiya

Forget the issue of best 5 year rates etc. There is that much flux in the market at the moment, the best thing you can do is find a nice low rate from a funder thats flexible enough to allow you to draw increased equity with a LOC and/or i/o offset AND lock the rate where it is today.

Lowest 5 year about 14 weeks ago was 5.99 with STG, which is now 6.89

Lowest advertised is 6.29.

Ta
rolf

 

[BRC]

Rolf,

So in your opinion, locking into a 5yr Fixed rate for my PPOR around 6.79% may be a smart move ?

BRC

 

[Simon]

Rolf & or other brokers

What are the best 5 year fixed rates at the moment,
Interest Only:


My best 5 yr rate is 6.29%. There is a $600 app fee including the val and there are no ongoing fees.

Best of all these guys offer free rate lock which is a considerable savings.

check www.cannex.com.au for a quick comparison


Cheers,