#RBA #Mortgages #HeiseSays
People are rushing to fix their home loans as their fears of interest rates rising grows. Does anyone trust the RBA?
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RBA's track record with their predictions says it all.
as i mentioned i work at westpac now, we just increased our fixed rate by 0.15% so there is something in the works everyone
They are quick to intervene when property prices drop
RBA does not control what the banks do the RBA controls the cash rate but bank rates
Look what's happening with Zillow in the USA, there's signs the booms times are over.
To all the debt slaves good luck suckers
Hey Philip, J Powell.. do it then. All bark
If anyone expets rates to stay where they are for 4 years is a dreamer
Cant blame anyone trying to lock in on a beter rate I do think rates will rise but I dont think by much
It would be counter productive I think but imm no finance guruu
Your morguage keeper sounded like a joke when you mentioned it mounths ago but when you look at other goverment intervention it wouldnt surprise me
I’d highly recommend fixing for 5 years asap. I’d even brake any short term fixes and refix to 5 years
Hay rba grow some balls if the rates going up don't hurt over inflated mortgages then inflation will, why hurt everyone people stretched themselves and paid to much it's their fault not everybody's else's.
they are going to drop, theres no way all this extra debt can be serviced at higher levels…
A lesson for all of you who missed the interest rate hikes the 90s make sure you understand that EVERY mortgage contract for fixed rates specifically states that rates are fixed at the agreed rate for only a certain percentage increase. If the rates push outside of the fixed rate zone your contract fixed rate is void.
Screwed a lot of people in the 90s who fixed at 3-4% when the interest rates peaked at 19%
No rush to become a debt slave.
Let's Go Scomo
Market is predicting 3 to 5 out of cycle rate rises next year, futures market predicting a spike in borrowing costs, Refinancing going nuts everyone moving to fixed rate 3 years typically. Last ones in the market paid the most borrowed the most are most leveraged will get hit first, when we start hearing about first home buyers getting knocked back on loans as they are too risky that will be another death knell.
'Mortgage Keeper 2.0' is locked in