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07-03-2012, 11:01 AM
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Formerly XG-Panelvanman
Join Date: Apr 2005
Location: Im in Cranbourne,VIC.
Posts: 476
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as a new home owner and first home owner only recently we decided to go a variable rate with our mortgage.
now with a couple of cuts and the last rise it seems that the big question now is to lock in a fixed rate, or stay with the variable. i know a lot of factors come into this such as economy and other things in the world. but what are peoples opinions and are you thinking of changing? comfortably we could stand a few more possibly another 1% on top of what we currently are, so while its "lower" at the moment locking in might be a good move.
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My Ride: BA MK2 Wagon, dedicated LPG, white. modifications: cargo barriers, tow bar |
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07-03-2012, 11:12 AM
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FF.Com.Au Hardcore
Join Date: Aug 2011
Location: Adelaide
Posts: 734
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Stay variable IMO, I faced the same issue last year.
Interest rates have to rise significantly over the next 3 years for you to end up being better off with the fixed rate these days.
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2011 Ford FG Falcon XR6 LE - Winter White Mods (so far): Sunroof, new speakers, twin 12" subs http://www.fordforums.com.au/showthread.php?p=4150126 |
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09-03-2012, 11:38 AM
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FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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All of my mates in banking are telling me to factor in mortgage rates around 9-10% within three years.
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to fix or not to fix
Linear Mode
