Home >  Blog >  RBA leaves rates on hold....is now a good time to fix your mortgage rate?

RBA leaves rates on hold....is now a good time to fix your mortgage rate?

Posted by medicalfinancial on 6 March 2012

The RBA have left rates on hold for a second month. In summary:

...the European threat has moderated; the local economy is running close to trend; their inflation forecasts are within the 2-3% target band; and borrowers’ interest rates are close to medium term averages

However

...the door is still open for an easing, if the economy weakens materially (or there is a meltdown in Europe).

We are often ask by clients is now a good time to fix their mortgage rate? With rates with the majors are around 6%, which is less than the discounted variable rates, it might not be a bad time. But remember, fixing a rate is a two way bet with a bank and how often do you think they lose? What fixing a rate will do is give you certainty around payments for a period of time. This is the thing that should drive the decision of whether to fix, or stay variable, not trying to beat the bank.

If you would like specific advice whether to fix your mortgage rate, based on your individual requirements. please contact us.

Medical Financial 

Author: medicalfinancial
Tags: Website News

Post comment

Latest News

View all news

Socially responsible investments - The winds of change

Posted by Alex Menzie on 16 June 2020
Current social events have, once again, reinforced the importance of investing time a...

Covid-19 Business Concessions

Posted by Matt Connor on 25 March 2020
The Australian and state governments have announced a number of concessions designed ...

Commit to the line

Posted by Neal Durling on 13 March 2020
Like everyone, I have passions outside of my family and work; perhaps the greatest of...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >

SIGN UP

For Events and News


The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)