Pete Wargent Daily Blog: Fixed rates set to fall

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Wednesday, 2 October 2024

Fixed rates set to fall

Fixed rate cuts

Escalating tensions in the middle east over the past 24 hours have lit up oil prices a bit...and of course are a major concern in their own right.

Still, Australia's 3-year bond yield has moved considerably lower over recent months.

Not sure too many people will be taking them up just yet, but fixed mortgage rates should be available from below 5½ per cent in due course.

Indeed, cue the following via Macquarie Bank/broker channels this morning, from 5.39 per cent:

There should be plenty more of this to follow over the months ahead.

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