Pop Goes Those Fixed Rate Mortgages... скачать в хорошем качестве

Pop Goes Those Fixed Rate Mortgages...

Given what I have been highlighting about the pivot in interest rate expectations, following the last RBA presser and the flow of economic data, plus the current market expectations of around 4% cash rates in June 2027, yes June 2027, it should surprise no one that fixed rate mortgages are on the rise. The largest Australian lender CBA just lifted its fixed rates by up to 0.70 percentage points – the same as if the Reserve Bank hiked three times in a row, or in other words, back to peaks seen before the recent rate cut cycle. This will be of concern to households who are leveraged up, thanks to poor housing affordability and big mortgages, as I discussed on my live show on Tuesday. We know there are still some households enjoying low fixed rates, but who are up for renewal soon, and when they switch they will be adding hundreds to the cost of a typical mortgage repayment. More broadly in cements the expectation of higher cash rates ahead, so even variable rate mortgage holders should be concerned. Lets be clear there is not going to be a low rate cut path acting as a get out of jail card for many households. So now the real question emerges. How will higher borrowing costs in the months ahead play out from home prices? We know that for many households cost-of-living concerns continued to squeeze their budgets, yet demand remains robust and Government incentives are driving some first-time buyers into the market. In Sydney, for example, the median house price had pushed towards the $2 million mark. The numbers were equally eye-watering for the rest of the country: the median value of a home reached almost eight times the average annual income. Plain stupid. If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you. Buying property, is both challenging and adversarial. The vendor has a professional on their side. Emotions run high - price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make. Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest. Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER. Find more at https://digitalfinanceanalytics.com/b... where you can subscribe to our research alerts Please consider supporting our work via Patreon:   / digitalfinanceanalytics   Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1 Please share this post to help to spread the word about the state of things.... Caveat Emptor! Note: this is NOT financial or property advice!! 🚨BEWARE OF SCAMMERS🚨 As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram