A few weeks ago we committed to let you know if fixed rates started to lift off their very low base.
As you no doubt know, the RBA held its cash rate at 2.50% p.a. but the big news in the world of home loans is that fixed rates are on the rise.
You will note that three out of the five big banks illustrated in the chart below have recently increased their “3 year fixed” rates. Whilst this is not an indication of future rate movements it is a significant change.
As always, if you would like to discuss your property or finance ideas, please do not hold back. We are waiting for your call.
Michael Daniels, B.Com
Smartline Personal Mortgage Advisers
State Manager NSW & ACT
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.