cheapest fixed interest rates, page-30

Agree with the articles they seem pretty spot on. Interesting they also both indicate rates will go up soon. I think now is defiantly time to lock for as many year as you can below 6%.

Quote From article 2:
Interest rates are at their lowest in decades and first-home buyers are having cash virtually thrown at them by governments and builders to get them to buy.

But what happens when interest rates go up, as they are expected to do late next year?

Quote:
Kevin Sherman, managing director of lender MyRate, says first-home buyers need to be careful not to bite off more than they can chew.

"The current attractive environment will not last forever," he says.

Quote:
DON'T buy if you have doubts about being able to cope with your mortgage payments now. Rates won't get much cheaper, but they could get a lot more expensive.