housing survey, page-13

Hi 501

The banks internal money curve shows the rates will stop moving up by mid-late 2009.

Then they should in fact start to come down..........and this will be the start of the bull run for housing again imo but not as good as the last run.

So if you fix again now go for 2 years tops imo.

Another good idea....tell your bank when the fixed rate is up on your current loan your moving your loan elsewhere unless they can match the best deal u can find within reason....fixed or variable.

Also depending on your cash position.....tell the bank u will prepay the next years interest upfront for the deal u currently have...which i assume is better than the current market rates.

Its amazing what u can get if u try.


Also if its an investment loan I(Interest) only is the go but im sure u know that.

If you wish me to email you for further help please let me know on this thread and Ill be more than happy to help.

cheers