banks are much less enthusiastic about interest only loans at present, preference for P and I where money lent out actually returns, not just profits. tied up capital at a time when more loans are expected to be advanced. interest rates are going lower still. today a new low for fixed interst rates from a major was announced. all indicators are there is plenty of wriggle room in the financing market. the population may be experiencing 'aspirational fatigue' as keeping abreast of the market dynamics has become historically high demand work. and all eyes have been diverted to the ASX 200 where exceptional capital gains and income generation have been made and appear set to continue over the next financial year. positioning the finances for access to increasingly less expensive credit that can be serviced with limited pain is the current phase, its a race to that position, at a time when increasing employment income has become the toughest route of all paying down debt and entering the riskier and unfamilar equities markets to build the treasure trove for future deployment have taken hold. halting discretionary spending which assists low inflation outcomes whilst all the extra global cash generated by central banks is steered toward equities creating hyperinflation in the major stock markts. property at some stage in the orgy should also experience a similair hyperinflationary market. buy before its to late.
