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I called my ANZ mortgage manager. He said he can give .15% discount on the fixed rate. That means variable is at 5.4% and the fixed is at 5.34% after including discounts.
For what period is the fixed rate for?
I called my ANZ mortgage manager. He said he can give .15% discount on the fixed rate. That means variable is at 5.4% and the fixed is at 5.34% after including discounts.
Interestingly read on propertyobserver that fixed rate take up is decreasing, which considering the amount of attention given on this forum at least I found quite surprising.
thats coz the consumer sentiment out there is geared to real Gut feel, not macro economics.
We arent out of the woods yet. I reckon the cash rate will see another 50 to 100 pts............and possibly before the fed election
ta
rolf
Tell him that westpac is offering 4.99 and you will refinance unless he can match. All the banks are aware of what the others are offering.
My ANZ mortgage manager came back and said ok to 4.99% fixed rate!
wont be long now and we willbe at 4.99 for 3...................
and I take a punt that there will be 5 years around for 5 to 5.2 in the next 120 days
ta
rolf
Do you know something we don't Rolf?
That said, winning' (as in fixing at a rate lower than the variable over the term) from fixing is dificult but not impossible, you are betting against the banks money market boffins.