Another lender has reduced there fixed rates,
ANZ have dropped their fixed rates effective Monday 4.10.04
1 to 3 Years 6.70%
4 & 5 years 6.95%Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Thanks for the post
Cheers
Has anybody posted Colonials?
3 yr fixed 6.79% or 6.64% with MAV Package
5 yrs 6.99% or 6.84 with MAV PackageThat aint bad is it!
Liz
Mortgage Lender
At the moment its hard to ignore Adelaide Banks 3 years fixed rate @ 6.50% with free 100% offset,
I expect more lenders will compete.Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Quick update regarding Adelaide Bank.
Adelaide Bank today announced a NIL application fee offer.
Effective as of today Monday 11th October 2004.Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Steve, if IRs are expected to rise why are Banks lowereing their FIRs. I thought it would be the opposite?? Their rates are pretty darn close to what i’m getting now at VRs
Hi WallFlower,
Good question, Im not sure, but with official interest rates at 5.25% I think it may be more of a case of some of these institutions getting hold of some cheap OS money, rather than a prelude of what’s to come regarding interest rates,Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
It is all to do with the shape of the money market yield curve.
Whist the whole world expects the RBA to raise overnight rates they also expect this to be a short lived scenario and three years out interets rates rates will be lower. By using the interest rate swap market banks can lock in these lower forward rates. If you look in teh markets section of the AFR they publish the swap rates out to 10 years.
It has zero to do with cheap offshore money.
Nat R
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