To be counter-intuitive is something most of us are naturally geared against, Warren Buffet put it best, " when everyone is being greedy, be frightened, when everyone else is frightened be greedy". This is one of the principles that has made him one of the most successful investors in history.
For home owners with a mortgage most are waiting for the next rate drop which has been anticipated by a significant percentage of our leading economists. Hardly a time when you would be thinking of fixing your home loan rate, why would you do that when rates are going down? What most people miss is that this is exactly the time when you should consider fixing all or part of your home loan. Why?
Because long before interest rates begin to rise lenders will be increasing their fixed rates, and at the moment the 3 year and 5 year fixed rates are well below the standard variable rate.
Every borrower's circumstances are different, but now would be a good time to talk to your mortgage broker or financial adviser.
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