Time to Fix Rates ?
Is it time to fix rates ?
- While 12 out of 12 bank economists got it right this month, expecting no change in the cash rate of 2.5 percent, the number is mixed as to whether there'll be another reduction this year.
- Most agree if there is another drop it will come on Melbourne Cup Tuesday. Economic factors and a lowering Australian dollar may dictate otherwise.
- What that means to borrowers is that this may be the optime to seek a fixed rate option.
- Contact me to discuss the pros and cons of fixing and assuring a rate for the coming 1-5 years