i was just chatting to a friend and she said that interest rates are tipped to fall down to around 1% in Australia. I found that hard to believe. Is that what the word on the street is?
thats what i was thinking. and i said to her that i would be extremely surprised if they went anywhere near that – and they were adamant that she had read it everywhere. so i dropped the subject.
Rates may go down to 2% but not likely to 1% unless our economy really "tanks". Even if rates did fall to 1% I don't think that mortgage rates will go down much more from our present levels. If interest rates drop by another 1% then our mortgage rates may drop another .5% as the banks keep complaining about their high funding costs.
Rates may go down to 2% but not likely to 1% unless our economy really "tanks". Even if rates did fall to 1% I don't think that mortgage rates will go down much more from our present levels. If interest rates drop by another 1% then our mortgage rates may drop another .5% as the banks keep complaining about their high funding costs.
thanks for explaining it so well i hadnt thought of that