RBA Shake-up or Shake-out?
The Money Café with Alan Kohler
00:00
The Bank Offers a Fixed Rate at a 0.25% Discount to the Variable Rate
The bank is offering a one-year fixed rate at a 0.25% discount to the variable rate with potentially some further rate hikes ahead or a period with rates on hold for a year. Meagan says, long time listen to the first time, I've got a mortgage coming off a fixed rate of 2.09%. It's very unlikely the rate, the variable rate is going to come down in the next 12 months. The only reason it would come down is if there's a shocking recession.
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