why are we in a recession, page-94

think they are expecting inflation to stay low below 2% so a bank rate at 3% and borrowing rates around 4 - 4.5% is not out of the question....
the banks like to cover themselves for inflation plus a margin...
thought one of my links today,,,said infaltion not expected to recover until 2010..to 2.5%
its all hyperthetical....but if you find a period where the banks do offer a low fixed rate...then I would pounce on it....they can change their minds
most of us have a fair idea of whats going on in our own communities...to guide us...
the other thing to look out for..is the wealth packages..where tha bank takes off .80...70 etc off the standard variable rate if you have loans over 150,000 or 250,000...so thats another half to nearly 1%
I would love a 3-4% rate...
cheers