Fixed rates

Discussion in 'Loans & Mortgage Brokers' started by Yson, 3rd Nov, 2020.

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  1. Vick82

    Vick82 New Member

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    Nope
     
    Vick82, 8th Nov, 2020
    #21
  2. Vick82

    Vick82 New Member

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    Correct
     
    Vick82, 8th Nov, 2020
    #22
  3. Arcticfire

    Arcticfire Well-Known Member

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    Arcticfire, 8th Nov, 2020
    #23
  4. Thrifty

    Thrifty Member

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    Hi Rolf, so if I have understood correctly, is fixing for 1 year a better option than 4 years in the current climate with fixed rates so low? Pls. clarify
     
    Thrifty, 21st Nov, 2020
    #24
  5. James Bond

    James Bond Well-Known Member

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    So, for those who are fixing right now - how long are you fixing for?
    - 1 year?
    - 2 years?
    - 4 years?
    - longer?
     
    James Bond, 4th Dec, 2020
    #25
  6. Anne11

    Anne11 Well-Known Member

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    1 year for me as lately rate keeps dropping after I fixed. Also because it suits my situation
     
    Anne11, 4th Dec, 2020
    #26
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    For those that have a feeling that fixed rates will come down further 1 and 2 year rates are popular amongst our client base.

    The issue here with many Investment loans is that that IO period must match the PI period.

    Wouldnt be the first time a client with a 10 year IO period fixed for 2 years and rolled out to a PI rate and couldnt refi :(

    ta
    rolf
     
    Rolf Latham, 5th Dec, 2020
    #27
  8. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Only if you believe that fixed rates will fall further during your fixed period

    ta
    rolf
     
    Rolf Latham, 5th Dec, 2020
    #28
  9. Yson

    Yson Well-Known Member

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    I just locked 3 yr as I think rates will not go up or down, I may be wrong as I think it will go down a bit
     
    Yson, 6th Dec, 2020
    #29
  10. Hockey Monkey

    Hockey Monkey Well-Known Member

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    Melbourne
    Just locked in half our lending at 1.89% for 4 years. If they do go down further I believe the savings we have had in the meantime will be greater.
     
    Hockey Monkey, 6th Dec, 2020
    #30
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