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

When the default is damaging | Is your life insurance policy set in stone?

Posted by Sean O'Kane on 18 June 2019
Trivial pursuit question what does guaranteed renewable insurance mean? Guarante...

Taxing times - why playing the long game is the key to surviving political uncertainty

Posted by Matt Connor on 22 May 2019
It's always an interesting time during election campaigns, when the country wait...

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...
< 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)