When I started out as a baby cadet journalist in 2005, it was often my job to secure what we call a “case study” to speak about the latest Reserve Bank of Australia interest-rate hike.
As I’ve shared previously, I fixed my own home loan mid-last year for two years at an ultra-low rate of 1.84 per cent. That’s despite my long-held opinion that deciding to fix your rate is like gambling on the future direction of interest rates – no-one really knows if it will pay off. But I sensed an historic opportunity to score a good deal. I took a punt. And as it turns out, I was roughly right.
To make fixing at that rate a good idea, you’d have to believe that an aggressive campaign of official rate hikes is on its way, says Mickenbecker. The risk is borrowers may now be paying too much of a premium to fix, compared to what is likely to happen to variable rates.
here are my naked photos
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