Fixed rate traditionally was around 5% of all mortgages. When rates dropped with the reserve bank at .1 % and then announcing a Term Funding Facility at those low rates, $188 billion was taken up by the banks. Alot of this was lent at fixed rates resulting in nearly 40% of mortgages being on low short term fixed rates. This is where the problem is.
- Forums
- Property
- Home price trend
Fixed rate traditionally was around 5% of all mortgages. When...
-
- There are more pages in this discussion • 199 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)