News

Should you fix your mortgage now

ByTim Marsh

Good article from Property Observer about whether you should fix your mortgage now.

PO says: “With economists predicting official interest rate rises next year and banks starting raise their fixed rates, we spoke to mortgage experts to ask if now is the right time to moved your mortgage to a fixed rate.”

The summary?

  • Fix for 1-3 years: 1
  • Fix for 3: 1
  • Fix a portion: 1
  • Non-committal: 1


Shane Oliver of AMP Capital put it nicely:
Fix for 3 years:The best thing to do is fix when interest rates are at a low level. Some people make the mistake of only fixing after interest rates have been up for a while and they find they are locked in at the top. Right now we’re either at or close to the bottom of the interest rate cycle so it does make sense to start to lock in a relatively low interest rate.
Shane Oliver – Head of investment strategy and chief economist, AMP Capital

Don’t Forget

Our in-house mortgage broker can help you find a great deal. Just contact us using the form below and Julian will get on the case for you right away.


Your Contact Details

Up to Date

Latest News

  • Back to Back Auctions in Baywood Chase

    Off the back of a number of successful auction campaigns in the area, we are proud to present to the market two Suffolk Park properties, to be Auctioned back to back on Saturday 24th November. We would like to extend an invitation for you to attend one of our upcoming open homes … Read more

    Read FullPost