Interest Rates

[Rambo2714]

Hi all RBA has kept rates on hold today .

Why ? And what is their next move ?

Also I noticed that many banks fixed rates are now 0.75% less then variable rates.
Tempting ?
On a 300k loan that's about 2.5k saving on interest ?
Any one tempted to fix ?
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[Tiger_Watto]

I'd say they decided to not move rates as they are trying to keep the Banks on side… Some think the rate is simply a mortgage thing, but it effects plenty more.

I for one am very happy it hasnt come down!!!

 

[underdog]

Meh,

I'm with ING and they have been nothing short of awesome in moving rates have passed on full basis points every time, and when the big banks moved their rates up 50 points last year, ING moved 20 points. Furthermore their variable simplifer is 6.62% which is lower than most of the banks fixed loans, let alone their variable rates.

 

[westTAHger]

Hi all RBA has kept rates on hold today .

Why ? And what is their next move ?

Also I noticed that many banks fixed rates are now 0.75% less then variable rates.
Tempting ?
On a 300k loan that's about 2.5k saving on interest ?
Any one tempted to fix ?
\
\
Posted using RoarFEED

just waiting to see what haapens next time.
am considering 1/2 fixed & 1/2 variable. :smiley:

 

[GoldXR50Leroy]

While I'm a few years off it I understand that the self retired retirees are always up at arms at the current interest rates, I'm interested in hearing/reading from someone in that position.
I sort of want to know why if you have qualified for a pension why don't you take everything your entitled to,
when me and the better half were saving for a mortgage in the savage 80's interest rates were up around 18% which was great while you were saving for a deposit but hell to pay off a home loan.

 

[hammertime]

I wouldn't be locking in any rates until the Greece situation is resolved guys.

If they don't dig their way out of their hole and go under, the credit markets will freeze up again and interest rates will go back to 2007 levels.

If anything, fix for the very short term. Fix longer if Europe regains its footing and the US data continues to get better.

 

[GoldXR50Leroy]

I'm quite amazed at the situation in Greece, when Austerity measures were called for in the household when I was A/ out of work and then B/ on a low income when I got work I kept my spending to a minimum.
I grew a vegie patch, got some chooks and as there was a drought on at the time I got some sheep at a cheap price although these were later savaged by stray dogs.
In a time of Austerity you are supposed to tighten your belts just like our forefathers did in times of war and the depressions which preceded them and suceeded them.
So to our priviliged current generation who despise all that your predecessors have achieved for you how can you sit back on your lazy fat asses and then protest and destroy because your asked to tighten your belt, sorry but I'm a young 50ish, I dn't get no @#$#$ing handouts and can't work out how these bludgers from Greece and other Euro countries are going to bring down everything I've worked for.
When I was a younger bloke back in the 70's I understood that Australia benefitted greatly by the post war migration of the Greeks and Italians who built this Country by the Snowy River Scheme etc, how do the people who own the Acropolis Milk Bar & the Carillion Fish & Chip Shop feel about the current slackers from Greece.

 

[hammertime]

I'm quite amazed at the situation in Greece, when Austerity measures were called for in the household when I was A/ out of work and then B/ on a low income when I got work I kept my spending to a minimum.
I grew a vegie patch, got some chooks and as there was a drought on at the time I got some sheep at a cheap price although these were later savaged by stray dogs.
In a time of Austerity you are supposed to tighten your belts just like our forefathers did in times of war and the depressions which preceded them and suceeded them.
So to our priviliged current generation who despise all that your predecessors have achieved for you how can you sit back on your lazy fat asses and then protest and destroy because your asked to tighten your belt, sorry but I'm a young 50ish, I dn't get no @#$#$ing handouts and can't work out how these bludgers from Greece and other Euro countries are going to bring down everything I've worked for.
When I was a younger bloke back in the 70's I understood that Australia benefitted greatly by the post war migration of the Greeks and Italians who built this Country by the Snowy River Scheme etc, how do the people who own the Acropolis Milk Bar & the Carillion Fish & Chip Shop feel about the current slackers from Greece.

I agree, it's disgusting the way that they are carrying on. After all, its is a democratically elected government. Who can they blame but themselves for voting for leaders based on who gives the most handouts? At least we have a focus on debt levels here in Australia and the people who love a free ride are the minority.

I particular like how the protestors like to make their point about Austerity measures by destroying public property…. further adding to the austerity measures.

Clever people those Greeks.