Cardy George
Piercing rural members since 1981
Our home loan fixed rate term has come to an end. Made the calls, talked to the people. Now we have to decide if we want:
3.03% for 2 years
or
3.14% for 5 years
I don't know enough about the economy to make the decision. Do we save cash in the short term, or have some security for a bit longer.
We were all set to go 5 yrs, but then Mrs George found this link
Markets are driving policy
The total loan is less than a Sydney/Melbourne deposit, so it won't ruin us either way, but the cash is better in my pocket than theirs!
3.03% for 2 years
or
3.14% for 5 years
I don't know enough about the economy to make the decision. Do we save cash in the short term, or have some security for a bit longer.
We were all set to go 5 yrs, but then Mrs George found this link
Markets are driving policy
The total loan is less than a Sydney/Melbourne deposit, so it won't ruin us either way, but the cash is better in my pocket than theirs!