Commonwealth Bank and St George today announced an increase to their 3 year fixed rate to around 7.29% before any discounts. This increase comes 3 weeks after they followed other lenders in reducing their fixed rates down to levels that have not been seen for quite some time.
Deciding whether to fix in or stay on variable is always a difficult question. No one knows what is going to happen with interest rates. Main advantage of fixed is that you have certainty of repayment so if one or two rate rises is going to totally blow your budget then perhaps it is time to fix in.
Information on Temporary Resident Home Loans here and Australian Expat Home Loans here.
ShannonJustin was brilliant to have as an broker. He worked with my schedule and got everything organised with good counsel and assisted with resolving any issues, and where he wasn’t able to personally, pointed me in exactly the right direction to work the issue, myself. Absolutely will be utilising his services again in the future.
Ilse & Dave HawkinsJustin guided us from start to finish with our refinancing process, and was able to get the lowest possible interest rate. He kept us informed and made it a simple and quick. Justin was a pleasure to deal with! Thank you Justin!
Dan & Lisa DuncanWe have worked with Justin to refinance our house and an investment property.
We had some complexities that Justin guided us through. He achieved a better rate and structure for us than we had dealing directly with the CBA.I have worked with other brokers over the years, but none as responsive, knowledgeable, and easy to work with. Thanks mate!
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