Nicky the email I got this afternoon says 7.83% today 7.62%...

Nicky the email I got this afternoon says 7.83% today 7.62% tomorrow. I guess this is on the package and they will do a bit better for a new loan but not a existing loan.

I am lucky that one came of long term fixed at 7.04%in Aug this year so going to miss most of the pain there. But 2 years left on this one although at 7.64%. Can't win em all sort of thinking that maybe in 18months time might cost bugger all to release it and be able to fix for 10 years at a good rate still. Be more luck than good management on my behalf if it happens

Not sure if I'm on the money with this thought but if I can fix for 10 years in the 7.0% or less range I'll take it and call it cheap. Just guessing here but it seems that the 10 year rates show where the banks think things will head as can get fixed for 3 years off nab now for 6.89% but 10 years still 7.39% I think.

Warnie can probably give some good direction here for us.