Mortgage Interest Rates to hit 9.5pc

Mortgage Interest Rates 9.5pc within 3 years

Mortgage Interest Rates are expected to hit 9.5% within three years, according to BIS Shrapnel. Speaking at a recent media luncheon, BIS Shrapnel chief economist and director of economics and property Frank Gelber, said mortgage interest rates would hit 9.5 per cent by the end of 2013.

“We were critcised a couple of years ago when we said mortgage interest rates would hit 10% because nobody ever thought they would get that high again. While they never got to 10 per cent, they did surpass 9 per cent pretty quickly,” he said.

According to Mr Gelber, mortgage interest rates will once again surpass 9 per cent as Australia continues to recover post the Global Financial Crisis. Mr Gelber’s comments were largely echoed by AMP’s chief economist Shane Oliver, who indicated that standard mortgage interest rates could tip 8.5% within just one year. “I think the RBA were right to signal further rate increases and I expect the official cash rate to hit 5.5% before December 2011, which would take the standard mortgage interest rate to approximately 8.5%,” Mr Oliver told The Adviser.

Author: Jessica Darnbrough (The Adviser)

……………………………………………………..

Rising Mortgage Interest Rates

Are you being spooked by rising mortgage interest rates, high petrol prices and continual increases in the cost of living? Mortgage Interest Rates are expected to hit 9.5pc within 3 years. Are you being spooked by rising mortgage interest rates?
Is the cash left in your pocket at the end of the week becoming less as each month passes?

Well now may be the time to review your mortgage and consider the benefits to be gained from rearranging your finances, consolidating your debts, refinancing to a more interest rate competitive mortgage product and/or switching to the comfort of a fixed interest rate mortgage.

With a correct understanding and application of both fixed interest rates and premium product features a user can reap great benefit from their homeloan along with certainty of cashflow even within a rising interest rate environment. Fixed mortgage interest rates and premium mortgage products should be key components of your homeloan within a rising interest rate environment.

The educating and advising of borrowers in the efficient application of homeloans and their features along with associated financial services is the key difference in our service as compared to that of a standard mortgage loan broker or homeloan lender.

“Past and present clients tell us that as a result of our home loan, mortgage refinancing service they were better informed and advised about the procedures of refinancing a home as well as the technicalities of home loan features and products, and achieved far better lifestyle satisfying and financially beneficial results then from previous mortgage broker, lender relationships!”

To discover how much better your mortgage and/or finances can be, phone and speak with one of our Finance Centre Consultants about a complimentary review of your current finances and mortgage interest rates.

Phone Now on 1300 448 911 or email us and we will call you!

Better Mortgage Interest Rates!
Mortgage Refinancing Group Brokers Australia

Share

About Ref Group

Mortgage Refinancing Group Australia. The Mortgage Loan Broker, Refinance Mortgage Broker who will SAVE YOU MONEY when mortgage refinancing. Receive expert money saving tips about Mortgage Refinancing and Mortgage Interest Rates.
This entry was posted in Mortgage Interest Rates and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge