Article #976497359
Friday, September 24th 2010, 7:14AM
Floating rates are set to rise early next year according to economists after the Reserve Bank left the Official Cash Rate unchanged at 3% and adopted a cautious tone last week.
ANZ says as a result it makes sense to consider fixing, with two years being the "sweet spot."
To understand why, look at the breakeven table in Latest Trends which explains why the two-year rate offers value.
There are no mortgage rate changes to advise of.
| « | Yep, it's the two-year market for SBS » |
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