Middle term fixed rates keep coming down

Discussion in 'Loans & Mortgage Brokers' started by Rolf Latham, 30th Jul, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
Page 1 of 3
  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    CBA


    These changes are effective for new customers and existing customers who switch into one of the following products from Monday 30 July 2018.

    Product New Rate (p.a.) Change
    (p.a.)     Assessment Rate (p.a.)
    Comparison Rate (p.a.)

    Fixed Rate Owner Occupied Home Loans under MAV
    2 Year Fixed Rate 3.79% -0.10% 7.25% 4.95%
    3 Year Fixed Rate 3.89% -0.10% 7.25% 4.90%
    Fixed Rate Investment Home Loans under MAV
    2 Year Fixed Rate 3.99% -0.10% 7.55% 5.45%
    3 Year Fixed Rate 4.09% -0.10% 7.55% 5.36%
    Fixed Rate Interest Only Investment Home Loan under MAV
    3 Year Fixed Rate 4.19% -0.10% 7.55% 5.38%



    ta
    rolf
     
    Last edited: 30th Jul, 2018
    Rolf Latham, 30th Jul, 2018
    #1
    Perthguy, Medine, Loverenting and 1 other person like this.
  2. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,196
    Location:
    Australia
    This one of the majors?
     
    Lacrim, 30th Jul, 2018
    #2
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    thanks for pointing that out

    made amendment

    cba

    might be able to do a bit better on pricing too

    ta
    r
     
    Rolf Latham, 30th Jul, 2018
    #3
  4. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Awesome. This was the news I was waiting for and had a feeling it was gonna happen soon
     
    Barny, 30th Jul, 2018
    #4
    Loverenting likes this.
  5. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,196
    Location:
    Australia
    What does "under MAV" mean?
     
    Lacrim, 30th Jul, 2018
    #5
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    under their pro pack

    395 a year

    provides a decent discount on rate usually worthwhile for larger loans

    ta
    rolf
     
    Rolf Latham, 30th Jul, 2018
    #6
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    somewhat predictable i felt

    ta

    rolf
     
    Rolf Latham, 30th Jul, 2018
    #7
    Barny likes this.
  8. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,196
    Location:
    Australia
    So r u implying that we can push for an additional discount to those published rates under the propack in particular?
     
    Lacrim, 30th Jul, 2018
    #8
  9. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Other banks will follow
     
    Barny, 30th Jul, 2018
    #9
  10. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,218
    Location:
    Melburn
    P&I or OI or both?

    Edit: got it. I didn't read it properly.
     
    EN710, 30th Jul, 2018
    #10
  11. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    as fund managers look to shore up middle term safe incomes id expect exactly that.

    Wait until we get a change of guv at the federal level :)

    ta
    rolf
     
    Rolf Latham, 30th Jul, 2018
    #11
    L3ha7 likes this.
  12. Loverenting

    Loverenting Well-Known Member

    Joined:
    16th Nov, 2016
    Posts:
    159
    Location:
    Sydney
    I was calculatingly waiting for the last 6 months for rates to fall but ran out of patience and fixed my P&I home loan @3.89 for two years last week literally. Could probably be able to land with a better deal now. Been obviously influenced by those recent reports on banks' increasing borrowing costs - were they just noise making indeed?
     
    Loverenting, 30th Jul, 2018
    #12
    Whitecat likes this.
  13. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,196
    Location:
    Australia
    I thinks its testament to the fact that NOONE has any f-ing clue on where interest rates are headed and when, where the $A will be in a weeks time, how much the Sydney property market will drop, when it will hit rock bottom etc etc.

    In other words, listen to what people say by all means but make your own mind up and live/die by that sword. Because again, noone knows.

    And trust noone as some people (not everyone but some) have some sort of vested interest in their views materialising. And that includes the experienced 'experts' within and without this forum.
     
    Lacrim, 30th Jul, 2018
    #13
    L3ha7, property world, Bender12 and 2 others like this.
  14. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    for variable rates ............... id say there is a modicum upward pressure

    ta

    rolf
     
    Rolf Latham, 30th Jul, 2018
    #14
  15. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    3.79 fixed for 2 years is good enough for now. Cheers
     
    Barny, 30th Jul, 2018
    #15
  16. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    yep
     
    Rolf Latham, 30th Jul, 2018
    #16
  17. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,570
    Location:
    Adelaide, SA
    Find that don't get too much room to move straight after rate change.
     
    Brady, 30th Jul, 2018
    #17
    Phantom and Rolf Latham like this.
  18. property world

    property world Well-Known Member

    Joined:
    2nd Jul, 2015
    Posts:
    292
    Location:
    WA
    yeh did 4.29% back in March for 3 years IO Investment fixed

    When we compare why dont people talk more about comparison rates?
     
    property world, 31st Jul, 2018
    #18
  19. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,653
    Location:
    Gold Coast (Australia Wide)
    because they mean little ............., they arent a useful comparison most of the time

    its like saying a Corrolla is cheaper than a Lexus...........

    ta

    rolf
     
    Rolf Latham, 31st Jul, 2018
    #19
    Observer, L3ha7 and property world like this.
  20. NicA

    NicA Member

    Joined:
    1st Jul, 2015
    Posts:
    20
    Location:
    Sydney
    Hi Rolf - Tried a pricing request with CBA 3 weeks ago but they wouldn't move on existing discount for variable P&I... Would it be worth trying again now?
     
    NicA, 1st Aug, 2018
    #20
Page 1 of 3
Free Property Depreciation Calculator

Property Investors! Ready to Pay Less Tax? Estimate how much Property Depreciation you can claim on your Investment Property. Washington Brown's calculator is the first calculator to draw on real properties to determine an accurate estimate.