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Fixed loans increasingly popular

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

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    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.