Further rate cutes for westpac coming

[letiha]

Hi guys.

Was signing my loan documents yesterday with Westpac 4.99% fixed for 3 years and having a chat with my contact from Westpac.

He said to expect a decrease in the 3 & 5 year fixed rates shortly, he said that the drops won't be as good at the 4.99% for 3 years.

So those looking for a drop in the 5 year rates watch this space.

 

[Highlygeared]

Rumour has it (actually better than a rumour) CBA's fixed rates will be dropping next week in line with the level of the other 3. About time, don't know why they've been > 7% when everyone else was cutting.

Still, I'm looking to fix for 5 yrs below 6%. I'd go nuts if I could get sub 5% for 5 yrs but dont think it'll happen...if it did, I'm sure things would be looking very dreary indeed.

 

[joeExpat]

Westpac 4.99% fixed for 3 years

Are you an existing customer? I tried to get that deal for one of my Westpac loans last month but it wasn't available then, only for new borrowings.

 

[allblack]

I spoke with a broker I know yesterday and he said that there will be 5 year rates in the next couple of weeks with a 5 in front of them. That should tempt a few!!

 

[Perth Investor]

CBA still not good enough...

CBA have announced their rate cuts as of Monday 15/1 it is 5.99% for 3 years and 6.49% for 5 years.

Still not as competitive as Westpac. I am fully excited by the above rumour of Westpac adjusting their rates again.

Noel

 

[Highlygeared]

I spoke with a broker I know yesterday and he said that there will be 5 year rates in the next couple of weeks with a 5 in front of them. That should tempt a few!!

Hopefully its one of the big 4. I'd rather all the banks dropped their rates moderately / proportionally than one being spectacular. Don't really want to refi and end up having majority of holdings with 1 bank.

 

[lizzie]

quietly salavating as all are currently on variable and being refinanced - some with westpac and some with cba ...

anything with a 5 in front and we're positive all the way home. yeah baby!

 

[boomtown]

This place is going to explode if 5 years go down to 5.xx

 

[buzzlightyear]

This place is going to explode if 5 years go down to 5.xx

LOL - I think you will hear the roar if and when it happens.

Anyway, all I want for Christmas 09 Santa, is 3 year rates to go to 4%

 

[devo76]

Any word on the 7 or 10 year rate?

 

[keithj]

Any word on the 7 or 10 year rate?

Commbank 7,10 & 15yr fixed will all be 6.84% (6.99% less 0.15% Wealth package discount) as of Mon 19th.

 

[devo76]

I want westpac 10 year rate to hit 6%. Not because it makes or breaks the deal. I guess it just sweetens the deal and gets me chasing property more.

But bloody hell i wish i didnt lock my IP loan in at 7.25 % for 5 years( Three to go ). But i guess its about payment certainty not beating the system.

On the upside my IP repayments are now $450 per month

 

[asdf]

Rates rallied again this week so you might see that 5 year at 4.99% before long.

 

[sparky23]

Good stuff!

Does anyone else think it seems to be taking forever to get to the 2nd Feb?

 

[Qlds007]

Steady that is my birthday and i dont want it to come round too quickly again.

 

[sparky23]

Well Happy Birthday for then!

That means there has to be a big fat fall in rates - how many birthdays, are we allowed to know?

 

[Qlds007]

21 !!!!! and i lie well.

 

[kissfan]

21

X how many?

Sorry mate, couldn't resist .

Regards
Marty

 

[crc_error]

why is it CBA has such lame fixed rates?

I'm not looking at fixing at the moment, but it is concerning to see their fixed rates so un-competitive.

 

[theNEXThomeloan]

We should be looking to here more mid Feb after the meeting, But will be a good time to lock in a long term great rate,

James
Mortgage Planner
www.theNEXThomeloan.com