October 09, 2014
Much of the talk around town is that rates will be on hold until mid 2015. The fixed rate market at present seems to support this notion with record low fixed rates being offered across many of the lenders.
Remember Isaac Newton's famous quote "what goes up must come down", conversely when referring to financial markets and interest rates specifically we could also say "what comes down must also go up".
Just a little food for thought when reviewing your financial position and servicing capabilities.