Home News Beat the rate rise

Beat the rate rise

Font size :

With economic growth appearing to be regaining traction, an inevitable rate rise looms. Predictions about 'when' and 'by how much' vary wildly with some analysts expecting the first increase to come as early as December this year. Many economists believe that the RBA will not rapidly increase interest rates amid a still fragile global economy, but the majority predict cash rates will go up by at least 2% by the end of 2010. If you take into account the independent rate hikes the banks may make, some borrowers maybe looking at hefty increases in monthly repayments.

Fear not! There are many things you can do now to protect your interest and your home when the rates finally start to rise. The most practical and proven tips for protecting your investments against rate hikes are revealed in this issue of Your Mortgage magazine. This is essential reading if you are vulnerable to any upward rate movement.

Fixing your rate may look like an appealing option at the moment, but take time to consider your own circumstances - as well as your reason for locking in your rates. Opting for fixed rates to save on interest in generally not financially sound as the 'break costs' of getting out of fixed rate loans often outweigh any initial savings on interest. To help you decide whether a fixed rate is for you, we featured an article on "Locking your Loans" where we explained the pros and cons of this type of mortgage. We also present an in-depth analysis of the costs involved in breaking your fixed rate loan. This is a 'must read' for anyone considering a fixed rate or thinking of exiting their current fixed loans.

Finally this spring is promising to be a bumper season for buyers, sellers and property agents! This means competition for the last remaining bargains will be tight. If you want an advantage over the other homebuyers who will appear with the warmer weather, then it's worth preparing now. In this special issue of Your Mortgage magazine, we'll show you what you need to do now to ensure you'll be ahead of the pack.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

Mortgage applications drop in second quarter Mortgage applications drop in second quarter

This marks the “beginning” of a downward trend, says Equifax executive Read more

To break monopoly, many smaller lenders could become banks To break monopoly, many smaller lenders could become banks The proposed change could break the Big Four’s monopoly over the mortgage market and help families get cheaper home loan rates ... Read more

Borrowing against the home: A strategy to pay for aged care Borrowing against the home: A strategy to pay for aged care Such debts can generally be divided into long-term and short-term loans ... Read more

NAB slashes growth forecasts for houses, units NAB slashes growth forecasts for houses, units Numerous factors, including tighter credit rules and the growing supply of new stock, have reined in Australia’s seemingly unstoppable housing market boom ... Read more

More mortgage news and articles

Sponsored Links

Sunday, Jul 23, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
  • How much do you want to borrow?
  • How much deposit do you have?
  • How much is your house worth?
  • How much do you still owe on your mortgage?
  • What type of mortgage do you have?

  • How much is your new home?
  • How much do you want to borrow?
  • How soon do you want a mortgage?
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords