All Topics / Help Needed! / interest rates fixed?

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  • Profile photo of BreakEvenBreakEven
    Participant
    @breakeven
    Join Date: 2006
    Post Count: 80
    September 19, 2007 - 4:06 am

    Hey People.

    I just saw what effect the interest rate hike will have on my investment mortgages.
    Ouch…!!!! 

    Ive asked this question before – fix or not to fix….
    The response last time was a resounding – dont fix…

    Just wondering if opinions have changed….???

    BreakEven

    Profile photo of millionsmillions
    Participant
    @millions
    Join Date: 2005
    Post Count: 355
    September 19, 2007 - 5:46 am

    fix

    Profile photo of v8ghiav8ghia
    Member
    @v8ghia
    Join Date: 2005
    Post Count: 871
    September 19, 2007 - 6:48 am

    Personal opinion of course – if you have no plans to refi in near future to pull out additional equity, and are in it for the long term, I would fix without any hesitation while the fixed rates are still <8%. You would then be one of the growing 20%+ people at the moment.  Depending on who your loan is with, it is an easy process. All the best.

    Profile photo of BreakEvenBreakEven
    Participant
    @breakeven
    Join Date: 2006
    Post Count: 80
    October 9, 2007 - 3:56 am

    I dont usually get investment advice from News Limited, but this was a top story….
    It advised home owners to fix…

    Thoughts…..?

    http://www.news.com.au/business/story/0,23636,22553801-462,00.html

Viewing 4 posts - 1 through 4 (of 4 total)

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