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  • Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    20 September 2004 – Rates signal as CBA cuts fixed rate
    Sunday Age 19/09/04
    Commonwealth Bank latest fixed rate move suggest rates may be heading down, not up. Bond market rates which determine fixed rates, rather than official rates, are going down in Australia. That’s why Commonwealth Bank is offering to fix home loan rates at 6.95 per cent for three years when the bank’s standard variable rate is 7.07 per cent. For the investor, these pricing indicators can be a sign of the turning points in the interest rate cycle. Fixed rates reflect where financial market traders believe official rates may be heading over time.

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598

    Yes, it looks like there has been some cheap money on the market. Adelaide Bank is offering 6.50% for 3 years and BankWest at 6.75% (they bought $100m of this money).

    Cheers

    Stu

    Profile photo of elika7264elika7264
    Member
    @elika7264
    Join Date: 2003
    Post Count: 160

    Hi Guys,

    a dumb question. [dunce2]

    How does the average person find out about interest rate price movements other than logging onto bank web sites. eg. Stuart, your comment

    BankWest at 6.75% (they bought $100m of this money).

    is there any way of being kept up to date when “cheap money” is offered.[blush2]

    Thanks[cap]

    Helen

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    Try http://www.cannex.com.au

    Alternatively you canmake contact with a good broker like Stu and I am sure he will keep you informed.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi all,

    It seems as if others are following suit.

    http://www.theage.com.au/articles/2004/09/24/1095961857716.html

    Derek
    [email protected]

    Property Investment Support Available. Ongoing and never stopping. PM welcome.

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    STU..

    What features does Adelaide Bank have with thier fixed rate of 6.5% (is this Fixed and Intrest Only)

    I ask because i’m looking at finance for an IP at the moment.

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598

    Adelaide Bank
    3 years fixed – 6.50%
    Interest only – up to 10 yrs
    Extra repayments – up to $20,000 p.a.
    Redraw – $35 (min $3,000)
    $8 per month fee
    $595 application fee

    Cheers

    Stu

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    Cool…now if i can get them to ‘drop’ that application Fee [biggrin]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

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