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Fixed loans increasingly popular

Discussion in 'Real Estate' started by Jacque, 8th Feb, 2006.

  1. Jacque

    Jacque Team InvestEd

    16th Jun, 2005
    Interesting to read in the latest API mag that, according to The Aust Finance Group's Mortgage Index, there was a jump in users from 9% to 18.9% of fixed rate loans advanced. This was in the last five mths of 2005.
    This is despite forecasts that interest rates are likely to go nowhere in the next 6-8 mths. Perhaps there's more caution out there amongst buyers who aren't ready to ride the waves of changing rates.