Magnifying glass looking at the word low rates AskAlan

Further Rate Reductions on the Way

August 20, 2020

As I suggested back in June, rate reductions are starting to flow through to new borrower deals.

This is good news for my own existing clients because I review;

  • Every loan
  • Every Client
  • Every 6 months
  • And where a reduction is possible seek that on your behalf

You will start to see these reductions flowing through to your loan in your next review.

As you know, I seek written agreements with any bank that wants my new business. Namely that they agree to price my existing business in keeping with new offers whenever I make a request.

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Where are rates headed? red green arrow cube half flipped next to percentage sign cube

So Where Are Rates Headed?

June 9, 2020

This morning as I was sitting down to write on the (immediate and medium) future of interest rates, knowing that they are poised to head down again – two clients of long standing emailed me.

One wrote to me – tongue in cheek;

“I know (how much) you “adore” fixed interest rates, not, but now, locking part or all of a home loan in at these ever so low interest rates needs to be considered?

I still remember the painful 14% home loan interest rates.

Looking forward to your opinion in regard to this matter.”

Surely with rates now under 3%, surely with banks offering fixed rates in the mid 2%’s – SURELY it must now be time to fix … Surely!!

The best time to fix is still never.

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