Rates?

Viewing 8 posts - 1 through 8 (of 8 total)

Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
September 21, 2004 - 11:56 pm
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. Thatâ€™s why Commonwealth Bank is offering to fix home loan rates at 6.95 per cent for three years when the bankâ€™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.
Stuart Wemyss
Member
@stuart-wemyss
Join Date: 2003
Post Count: 598
September 22, 2004 - 6:05 am
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
elika7264
Member
@elika7264
Join Date: 2003
Post Count: 160
September 22, 2004 - 2:23 pm
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
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
September 22, 2004 - 9:01 pm
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.
Derek
Member
@derek
Join Date: 2004
Post Count: 3,544
September 25, 2004 - 5:41 am
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.
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
September 26, 2004 - 2:04 pm
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”
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Stuart Wemyss
Member
@stuart-wemyss
Join Date: 2003
Post Count: 598
September 26, 2004 - 11:25 pm
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
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
September 27, 2004 - 8:43 am
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