Top tips from our finance guru, Wade Hooper of Inspire Property and Finance.
- It is always good while it is low so make hay while the sun shines. Pay off as much of your home loan as you can while rates are low. Get a head and enjoy some breathing space on your mortgage.
- Indications are rates will stay low for the near future, possible the next 6- 12 months. Who knows what will happen from there! Remember point 1, make hay while the sun shines.
- When could they start going up? It is like looking in a crystal ball but one tip is to keen an eye on the Banks Fixed Rates. When they start to increase, the Variable usually follows shortly after.