As we mentioned previously, we are most likely entering the low point of interest rates right now.
Westpac yesterday advised us that they are increasing their fixed rates by 0.3%pa effective tomorrow, and most other lenders have indicated this will be the trend for fixed rates in the coming months.
Variable rates are most likely to be stable or drop slightly this year, however looking forwards, its about the bottom of cycle.
If you think fixing is the right thing for you, then now is the time to implement that strategy.
To find out more about whether or not its suitable for you, contact us or call the Plan Assist Mortgage Team on 02 9449 2333.
