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

ATO Data Matching Changes - What You Need To Know

Posted by Mary Young on 17 April 2019
For a long time, the ATO has been using data-matching practices to ensure individual...

In or out? Insurance within super isn't all it's cracked up to be.

Posted by Sean O'Kane & Neal Durling on 27 March 2019
The fields of insurance and superannuation are complex and filled with both options,...

When self-help is not a one-person job

Posted by Sean O'Kane & Neal Durling on 22 February 2019
There are times in life when you're better off not putting your head above the p...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >

SIGN UP

For Events and News