Lodoc Rates Falling

Viewing 6 posts - 1 through 6 (of 6 total)

Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
April 26, 2006 - 5:29 am
Hi All
Might be interested to know that Pioneer have just announced a reduction in their 95% lodoc interest rate to 8.59% variable.
No other changes regarding the product at this stage.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888
Richard Taylor | Australia's leading private lender
Mortgageman
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@mortgageman
Join Date: 2004
Post Count: 164
April 26, 2006 - 8:34 am
Thanks Richard,
That is interesting. It is also interesting to note that fixed rates are going up with the majors at the moment.
Regards,
Cameron Perry
Director
Perry Financial Strategies
Level 13, 30 Collins St
Melbourne VIC 3000
Ph (03) 9662 1999
Fax (03) 9662 2044
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
April 26, 2006 - 9:48 am
Cameron
Indeed it is interesting to see that.
Wonder if we have a 25 basis point increase in store next Wednesday?
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888
Richard Taylor | Australia's leading private lender
Stuart Milne
Member
@stuart-milne
Join Date: 2006
Post Count: 196
April 26, 2006 - 10:48 am
I remember last time the short – medium term fixed rates went up and everyone paicked and fixed.
they (The RBA) then dropped the guts out of them and let it fall to about 4% mind you I’m talking about a few years ago…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055
asdf
Participant
@asdf
Join Date: 2005
Post Count: 139
April 27, 2006 - 3:18 pm
Sept Futures were implying a yield of 6% this morning. Clearly thats been over sold. The banks could only hold the low rates for so long seeing how the curve has steepened significantly in the last month. Hence Hompath’s 6.39% “special” for the 2 – 5 year rates have now increased 20bps. Most Economists still think we’re not going to see a rate hike next month until further data in the coming months confirm a rate hike is warranted. Either way, this tightening cycle (if at all) is not going to be more than 50bps. Stay variable folks.
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
April 27, 2006 - 9:51 pm
asdf
I agree with you Sept future provide a adequate indicate of future rate moves. As an ex Bond broker I now that the Banks play these little games and capitalise on unsuspecting members of the borrowing public in times like this.
Whilst Bernanke has warned about concerns over the size of the
deficit and the continuing high petrol prices these in turn will act as a dampner for consumer spending and hopefully will keep inflation and additional rate increases in check for the time being.
Unless you are riddled with debt or concerned stay variable folks.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 6.89%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888
Richard Taylor | Australia's leading private lender