Not that long ago, many investors were rejoicing because they locked in a 5 year fixed rate of 4.99%. But now the big banks are offering a 5 year fixed rate of 4.59%.
Blind Freddy can see that variable rates are heading much lower and will stay at record lows (possibly 3.5%-3.8%) for a long time.
So resist the urge to lock in a fixed rate...and don't forget to increase your rents if you can.
- Forums
- Property
- Stay Variable!
Stay Variable!
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)