Hi all. Doesn't seem to be a topic on this yet.
Most lenders appear to be passing it on, i.e. NAB, Westpac, Commonwealth, BOQ
By my predictions, some of the best variable rate seems to be as follows, although most of the bank websites have not been updated yet.
NAB Tailored Home Loan + NAB Choice Package ($395pa) = 5.08% (I am told by on of the sales reps this will be as of Monday)
Westpac Rocket Investment + Premier Pack ($395pa) = 5.08%
Commonwealth Std Variable w/ Wealth Pack($375pa) = 5.08%
BOQ = 5.16%
Now my questions.. Does anyone know when fixed rates may be updated?
Do you think its worth fixing at the current rates around 4.8% or does history tell us that variable will continue to fall?
Fixed rates are independent to the variable rate. They don't follow the RBA cash rate. Lenders assess them with a different set of criteria.
Whether fixed rates will fall further, anybody's guess.
Cheers
Tom
Westpac reduced 1 and 2 year fixed rates yesterday as well as their variable.
Agree with Tom though – they don't move in the same way as variable.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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