Repairing your house loan in the right time often means huge deals. For most fortunate/experienced customers, the pace hikes of history two years was in fact nearly irrelevant.

It can be tough to choose from repaired and you will variable price home loans. As with any choice generated lower than uncertainty, often there is an amount of luck/misfortune inside.

The new happy of those you to definitely repaired

Believe you’re a borrower when you look at the mid 2008. The money price features held constant during the eight.25% for some months, that have RBA recommendations leaving area for additional price hikes. At the time, repairing would not have appeared like a crazy decision, however, even as we today discover, because of the April next season the RBA slashed by 425 foundation issues in reaction on the around the world financial crisis. Read More